A bank CEO gifted shares worth Rs 3,000,000 (Dh150,348) to his former school teacher as a token of gratitude for lending him money to travel for an interview at the start of his career in India.
IDFC First bank Managing Director and CEO V Vaidyanathan gifted his former math teacher 1,00,000 equity shares worth around Dh150,348.
According to a Facebook post shared on October 6, which has now gone viral on social media, Vaidyanathan, who then resided in Chennai, had qualified for an engineering course at the Birla Institute of Technology (Mesra) but did not have the money to travel there to give the interview and complete the formalities.
As the youngster struggled to collect enough money to travel, his then math teacher Gurdial Saini lent him Rs 500 (Dh25).
According to the post, Vaidyanathan, qualified for the