HDFC Bank, India’s largest private sector lender, announced the resignation of its Chief Human Resource Officer (CHRO), Vinay Razdan, effective June 18, 2025.
The bank confirmed the departure in a regulatory filing, stating that Vinay’s resignation had been accepted with effect from the close of business hours on the same day.
Vinay’s exit comes after a nearly seven-year tenure at the bank.
During this period, he played a pivotal role in shaping the bank’s human capital strategy amid rapid expansion and digital transformation.
Background and Career Highlights
Vinay Razdan joined HDFC Bank in 2018, bringing with him over two decades of experience in human resources.
Before joining HDFC Bank, he served as the CHRO at Idea Cellular for nearly 13 years.
During this time, he played a key role in the merger with Vodafone India, which led to the formation of the telecom giant Vi.
He previously held leadership roles at HCL Technologies and ITC Ltd.
During this time, he refined his expertise in talent management, organizational development, and HR transformation.
A graduate of Delhi University, Vinay is widely respected in the HR fraternity for his strategic vision and people-first approach.
Resignation Details and Notice Period
According to reports, Vinay submitted his resignation on June 2, 2025, and is currently serving a three-month notice period.
He is expected to be on gardening leave during his notice period. This means he will be relieved from active duties unless instructed otherwise.
The bank has not disclosed the reason for his departure, despite SEBI norms mandating such transparency.
However, industry insiders suggest that succession planning is already underway.
One of Vinay’s deputies is reportedly in the running for the top HR role, although external candidates are also being considered.
About HDFC Bank
HDFC Bank, headquartered in Mumbai, is India’s largest private sector lender by assets and market capitalization.
Founded in 1994, it has grown rapidly through a robust network of branch banking, innovative digital services, and strong credit and deposit franchises.
The bank serves a diverse customer base, including retail clients, MSMEs, and large corporates.
It offers a wide range of services such as personal and wholesale banking, loans, investments, and insurance.
Following its recent merger with Housing Development Finance Corporation Ltd (HDFC Ltd), the bank has strengthened its position as a financial powerhouse.
It is now well-positioned to play a pivotal role in the evolving Indian banking and financial services landscape.
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