REG - HDFC Bank Limited - Appointment of Directors

HDFC BankAnnouncement

27/11/2023 11:15

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RNS Number : 7827U  HDFC Bank Limited  27 November 2023

 CIN: L65920MH1994PLC080618                            HDFC Bank Limited,

 Email: shareholder.grievances@hdfcbank.com            Zenith House,
 (mailto:shareholder.grievances@hdfcbank.com)

                                                     Opp. Race Course Gate no. 5 & 6,
 Website: www.hdfcbank.com (http://www.hdfcbank.com)

                                                     Keshavrao Khadye Marg,

                                                       Mahalaxmi, Mumbai- 400034

                                                          Tel.: 022 - 3976 0000 / 07 / 12

 

 

 

November 27, 2023

 

BSE
Limited
            National Stock Exchange of India Limited

Dept of Corporate
Services
            The Listing Department

Phiroze Jeejeebhoy
Towers,
            Exchange Plaza

Dalal Street,
Fort,
                        Bandra Kurla Complex,

Mumbai 400 001
                        Mumbai 400 051

Scrip Code:
500180
            Scrip Symbol: HDFCBANK

 

 

Sub: Intimation under Regulation 30 of the SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations") -
Appointment of Additional Independent Director and appointment of Executive
Director

 

We wish to inform you that pursuant to the recommendations of the Nomination
& Remuneration Committee, the Board of Directors of HDFC Bank Limited
("the Bank") at its meeting held today, has approved the appointment of Dr.
Harsh Kumar Bhanwala (DIN: 06417704) as an Additional Independent Director of
the Bank for a period of 3 (three) consecutive years from January 25, 2024 to
January 24, 2027 (both days inclusive), not liable to retire by rotation,
subject to the approval of the shareholders of the Bank. Dr. Bhanwala is not
related to any other Director or Key Managerial Personnel of the Bank.

 

Further, in continuation to our intimation dated June 30, 2023 and November
23, 2023, the Board has approved the appointment of Mr. V. Srinivasa Rangan
(DIN: 00030248) as Executive Director (i.e., Whole-time Director) of the Bank
for a period of 3 (three) years w.e.f. November 23, 2023, subject to the
approval of the shareholders of the Bank.

 

The above appointments shall be placed before the shareholders of the Bank for
their approval in due course. Further, Dr. Bhanwala and Mr. Rangan are not
debarred from holding the office of a director, by virtue of any SEBI order or
any other such authority.

 

A brief profile of Dr. Bhanwala and Mr. Rangan is annexed herewith as
Annexure-I.

 

Kindly note that the Board Meeting commenced at 08.15 am concluded at 08.55
a.m.

 

You are requested to kindly take the above on your records.

 

Yours truly,

 

For HDFC Bank Limited

 

 

 

Santosh Haldankar

Company Secretary

 

Encl : Annexure - I

 

 

 

 

Annexure-I

 

Brief profile of Dr. Harsh Kumar Bhanwala

 

Dr. Harsh Kumar Bhanwala was the Executive Chairman of Capital India Finance
Limited, an NBFC. Prior to that, from 2013 to 2020, Dr. Bhanwala was the
Chairman of the National Bank for Agriculture and Rural Development (NABARD),
the Government of India's apex development bank, which oversees all aspects of
agricultural credit as well as the supervision of regional rural banks and
cooperative banks. Dr. Bhanwala began his career at NABARD and worked there
for almost three decades.

Prior to leading NABARD, he was the Chairman & Managing Director of the
India Infrastructure Finance Company (IIFCL), Senior Vice President at
IL&FS Water, and the Managing Director of the Delhi State Cooperative
Bank.

Dr. Bhanwala earned a B.Sc. in Dairy Technology from the National Dairy
Research Institute - Karnal, an MBA from IIM Ahmedabad, and a PhD in
Management from Maharshi Dayanand University.

 

 

Brief profile of Mr. V Srinivasa Rangan

 

Mr. V. Srinivasa Rangan was the Executive Director and Chief Financial Officer
of erstwhile Housing Development Finance Corporation Limited. He holds a
Bachelor's degree in Commerce from University of Delhi and is an Associate of
The Institute of Chartered Accountants of India (ICAI).

He is an expert in finance, accountancy, audit, economics, corporate
governance, legal & regulatory compliance, risk management and strategic
thinking. He has vast experience in housing finance and real estate sector.
Mr. Rangan has worked on international consulting assignments in housing
finance in Ghana and the Maldives.

 

He has been a member of various committees related to financial services such
as RBI's Committee on Asset Securitisation and Mortgage Backed Securitisation,
Technical Group formed by National Housing Bank (NHB) for setting up of a
Secondary Mortgage market Institution in India, NHB's Working Group on Covered
Bonds and NHB's Working Group on Credit Enhancement Mechanism.

 

Mr. Rangan was conferred the "Best CFO in the Financial Sector for 2010" by
ICAI. He was also honoured with "Lifetime Achievement Award" at the sixth
edition of Financial Express CFO Awards 2023

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