HDFC Bank Re-appoints Atanu Chakraborty As Part Time Chairman
New Delhi: HDFC Bank today re-appointed Atanu Chakraborty as 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. He will be appointed for a period of three years with effect from May 05.
The release further said that Chakraborty is not related to any other directors or key managerial personnel of the bank. He is not debarred from holding the office of a director by virtue of any SEBI order or any other such authority, the bank added.
The development comes after the board 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 last year.
Notably, Atanu Chakraborty was the Part-Time Non-Executive Chairman and Independent Director of the Bank. He served the Government of India, for a period of 35 years, as a member of Indian Administrative Service (IAS) in Gujarat cadre.
He has mainly worked in areas of Finance & Economic Policy, Infrastructure, Petroleum & Natural Gas. He held various posts such as secretary in the Ministry of Finance, Department of Economic Affairs (DEA), during FY20.
Shares of HDFC Bank Ltd ended at ₹1,518.65, down by ₹14.35, or 0.94%, on the BSE.
