Atanu Chakraborty to serve as part-time chairman of HDFC Bank
Reserve Bank has approved appointment of former Economic Affairs Secretary Atanu Chakraborty as the part-time chairman of the bank. Once he is appointed as chairperson, HDFC Bank will be the second private sector lender, after ICICI Bank, to have a former bureaucrat at the post, reports said.
Atanu, a 1985 batch IAS officer of Gujarat cadre, retired as Secretary of Department of Economic Affairs in April 2020.
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 under Section 10B (1A)(i) of the Banking Regulation Act, 1949 for a period of 3 (three) years w.e.f. May 5, 2021, or the date of his taking charge, whichever is later," the bank said in a filing.
A meeting of the Board of Directors of the Bank will be convened in due course to consider the appointment of Chakraborty as the Part Time Chairman and Additional Independent Director of the Bank, it said.
Chakraborty served the government, for a period of 35 years, as a member of Indian Administrative Service, Gujarat cadre. He has mainly worked in areas of finance & economic policy, infrastructure, petroleum & natural gas. In the Centre, he had been Economic Affairs Secretary in 2019-20.
See What’s Next in Tech With the Fast Forward Newsletter
Tweets From @varindiamag
Nothing to see here - yet
When they Tweet, their Tweets will show up here.
