RBI Approves Re-appointment of Atanu Chakraborty as HDFC Bank Part-Time Chairman

Atanu Chakraborty’s re-appointment as part-time Chairman of HDFC Bank for three years, effective from May 5, 2024, to May 4, 2027, has been approved by the Reserve Bank of India (RBI). The Board of Directors has also sanctioned his re-appointment as an Independent Director for the same tenure.

Details

Approval by RBI

The RBI has given its nod for Atanu Chakraborty’s continuation as the part-time Chairman of HDFC Bank for the specified three-year term.

Board of Directors’ Decision

Following the RBI’s approval and upon the recommendation of the Nomination and Remuneration Committee, the bank’s board has ratified Chakraborty’s re-appointment as part-time Chairman and Independent Director.

Background of Atanu Chakraborty

Formerly a member of the Indian Administrative Service (IAS) in the Gujarat cadre for 35 years, Atanu Chakraborty has a robust background in finance, economic policy, infrastructure, and energy sectors.

Government Experience

Chakraborty held significant roles in the Government of India, notably serving as the Secretary in the Ministry of Finance, Department of Economic Affairs (DEA). In this capacity, he played a pivotal role in coordinating economic policymaking, budget formulation, fiscal management, public debt management, and financial market development.

Key Achievements

During his tenure, he spearheaded initiatives such as the National Infrastructure Pipeline (NIP), which underlined his commitment to fostering infrastructural development.

Compliance and Eligibility

The bank has affirmed that Chakraborty is independent of other directors or key managerial personnel and is not barred from holding directorial positions by any regulatory authority.

Atanu Chakraborty’s re-appointment underscores HDFC Bank’s confidence in his leadership and strategic acumen as it navigates the dynamic financial landscape.

Piyush Shukla

Recent Posts

Who was the First President of India? Know the Name

India became a free and independent country in 1947, and later in 1950, it became…

9 mins ago

Rongali Bihu: Assam’s Celebration of New Beginnings and Agricultural Prosperity

Rongali Bihu, also known as Bohag Bihu, is being celebrated across Assam in mid-April 2025,…

29 mins ago

Who was the First Home Minister of India? Know About Him

After India got independence in 1947, the country needed strong leaders to help build a…

41 mins ago

YuvaSpark Founder Akarsh Shroff Conferred with National Youth Award for Transforming Early Education in India

Akarsh Shroff, the founder of YuvaSpark, was conferred the National Youth Award on April 3,…

48 mins ago

Veteran Actor Ravikumar Passes Away at 71

Veteran actor Ravikumar, widely known for his romantic roles in Malayalam and Tamil films during…

59 mins ago

Who was the First Prime Minister of India?

India got its freedom from British rule on 15th August 1947. After independence, the country…

1 hour ago