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Here’s Why This Bank CEO Gifted 30 Lac Worth of Shares to His Math Teacher

Team ScooNews
Here’s Why This Bank CEO Gifted 30 Lac Worth of Shares to His Math Teacher

As a token of gratitude, CEO of IDFC First Bank, Mr. V Vaidyanathan, has gifted shares of his bank worth Rs 30 Lakh to his former school teacher. This news went viral as soon as a social media post about his ex-math teacher from school receiving thousands of shares was shared. “We wish to inform you that Mr. V. 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 school teacher, Mr. Gurdial Saroop Saini, as a gift, without any consideration as a token of gratitude for his teacher's help to him at an earlier stage in his life,” the post read.

Mr. Gurdial Saini, a former mathematics teacher at Vaidyanathan’s school, lent him 500/- rupees because the latter did not have money to go to BITS Mesra to appear for the interview and complete the admission process. It was because of that gesture that Vaidyanathan could study well in this reputed institute and become successful in his life. 

To repay his debt of gratitude, the CEO searched for his guru for many years only to find him in Agra sometime back with the help of a former colleague. However, being the faithful banker that he is, Vaidyanathan made sure to pay back the amount along with the added interest. So, recently, when his bank made a regulatory filing to the stock exchange, he gifted his teacher some shares worth Rs 30 lakh!

Education is not what is noble; noble are those who are educators. In Vaidyanathan's case, he'll forever be indebted to the teacher who believed in his potential and helped him at his lowest. This incidence shows that the unbreakable and true bond between a teacher and the pupil is not a myth.

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