HDFC Bank gets board approval for 3 years extension to Atanu Chakraborty as chairman

Country’s biggest private sector lender HDFC Bank on Wednesday said its board has approved three years extension to Atanu Chakraborty as non-executive chairman.

The board has recommended the re-appointment of Chakraborty as the part-time non-executive chairman and independent director of the bank to the Reserve Bank of India (RBI), for a second term of three years with effect from May 5, 2024 to May 4, 2027, HDFC Bank said in a regulatory filing.

The re-appointment will be subject to the approval of the RBI and the shareholders of the bank, it said.

He was appointed chairman of the bank in May 2024. Chakraborty, a 1985 batch IAS officer of Gujarat cadre, retired as Secretary of Department of Economic Affairs in April 2020.

Source: devdiscourse