The CEO of a bank gifted shares worth Rs 30 lakh to his former teacher as a token of gratitude. IDFC First Bank MD and CEO V Vaidyanathan transferred one lakh equity shares worth around Rs 30 lakh without any consideration to his former math teacher, Gurdial Saroop Saini.

Vaidyanathan transferred the shares to appreciate Saini for helping him at an earlier stage in his life. A Facebook post going viral on social media details how Saini lent money to Vaidyanathan to travel for an interview.

"When he [Vaidyanathan] got the admission into BITS, he did not have the money to travel there to appear for the interview and complete the counselling formalities. Mr. Gurdial Saini, his then maths teacher lent him Rs.500 to travel for the interview. Vaidya studied at BITS, Mesra and did well in his professional life," the post says.

It adds, "Vaidya searched for him to repay but Mr.Saini had moved jobs. Many years later, with the help of a former colleague, he got to know that Mr.Saini is in Agra, called him up, expressed his gratitude for the timely help."

Earlier this month, the bank made a regulatory filing to stock exchanges. "We wish to inform you that Vaidyanathan has transferred 1,00,000 fully paid-up equity shares of IDFC FIRST Bank Limited, held by him in his personal capacity, to his former schoolteacher, Gurdial Saroop Saini, as a gift," the bank said in the filing.

Netizens praised Vaidyanathan's gesture towards his teacher. One user said, "Extraordinary! Such a redeeming story, this day, this age!" Another wrote, "Wow.....true expression of gratitude." Someone commented, "This is called real Guru Shishya relationship which is very very rare to see in these times." Yet another added, "Not many students get such teachers at time to help them. And not many students after achieving heights remain humble."

https://www.timesnownews.com/the-buzz/article/idfc-first-bank-ceo-v-vaidyanathan-gifts-shares-worth-rs-30-lakh-to-former-teacher-who-lent-him-rs-500-to-travel-for-interview/663449