HDFC Bank Limited announced the re-appointment of Atanu Chakraborty as the part-time chairman of the bank for a period of three years effective from May 5, 2024, to May 4, 2027. The Reserve Bank of India(“RBI”)vide its communication dated May2,2024,has approved the re-appointment of Mr. Atanu Chakraborty as the part time chairman of the bank under Section10B (1A)(i)of the Banking Regulation Act,1949 for a period of three years.
Pursuant to the approval by the RBI and based on the recommendation of the Nomination and Remuneration Committee, the board of directors of the bank has approved the reappointment of Atanu Chakraborty as part-time chairman and independent director of the bank. Mr.Chakraborty is a retired IAS officer of the 1985 batch Gujarat cadre and has served in the government for 35 years. He was also Union finance secretary during FY20 apart from being the divestment secretary. Chakraborty also handled financial stability and currency, domestic and foreign-related issues as well.
He managed the flow of funds with multilateral and bilateral financial institutions and had multiple interfaces with them. He has also served as Secretary to the Union Government for Disinvestment (Department of Investment and Public Asset Management) wherein he was responsible for both policy as well as execution of the process of disinvestment of Government of India’s stake in state owned enterprises. He also headed a multidisciplinary task force that produced the National Infrastructure Pipeline (NIP).
