HDFC Bank Board Grants 3-Year Extension To Atanu Chakraborty As Chairman
HDFC Bank announced on Wednesday its board's endorsement of a three-year extension for Atanu Chakraborty as non-executive chairman.
As part of the bank's proposal, Chakraborty's re-appointment as the part-time non-executive chairman and independent director has been recommended to the Reserve Bank of India (RBI) for a second consecutive term spanning three years, from 5 May 2024 to 4 May 2027, as detailed in HDFC Bank's regulatory filing.
The extension is contingent upon approvals from both the RBI and the bank's shareholders, HDFC Bank stated.
Chakraborty assumed the role of chairman in May 2024. He is a retired 1985 batch IAS officer from the Gujarat cadre, previously serving as the Secretary of the Department of Economic Affairs until April 2020.
Before his tenure in the Department of Economic Affairs, Chakraborty held the position of Secretary in the Department of Investment and Public Asset Management (DIPAM), both departments functioning under the purview of the finance ministry.
