HDFC Bank appoints Atanu Chakraborty as part-time Chairman

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HDFC Bank appoints Atanu Chakraborty as part-time Chairman
Chakraborty, a 1985 batch IAS officer of Gujarat cadre, retired as Secretary of Department of Economic Affairs in April 2020.

HDFC Bank appoints Atanu Chakraborty as part-time Chairman after RBI approval

HDFC Bank appoints former Economic Affairs Secretary, Atanu Chakraborty as part-time Chairman for 3 years effective from May 5, 2021, after getting approval from the Reserve Bank of India (RBI).

“The Reserve Bank of India (RBI) vide its communication dated April 22, 2021, has approved the appointment of Atanu Chakraborty as the part-time chairman of the bank… for a period of three years with effect from May 5, 2021, or the date of his taking charge, whichever is later,” HDFC Bank said in a regulatory filing on Friday.

HDFC Bank said a meeting of the board of directors of the bank will be convened in due course inter‐alia to consider the appointment of Atanu Chakraborty as the part-time chairman and additional independent director of the bank.

Chakraborty, a 1985 batch IAS officer of Gujarat cadre, retired as Secretary of Department of Economic Affairs in April 2020. Prior to that, he was Secretary of Department of Investment and Public Asset Management (DIPAM). Both departments come under the Finance Ministry.

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