HDFC Bank today has informed that the Reserve Bank of India (“RBI”) vide its communication dated May 2, 2024, has approved the re-appointment of Atanu Chakraborty (DIN: 01469375) as the Part Time Chairman of the Bank under Section 10B
(1A)(i) of the Banking Regulation Act, 1949 for a period of three years w.e.f. May 05, 2024 to May
04, 2027 (both days inclusive).
Further, pursuant to the aforementioned approval by the RBI and based on the recommendation of the Nomination & Remuneration Committee, the Board of Directors of the Bank, vide a resolution passed today i.e. May 3, 2024, has approved the re-appointment of Atanu Chakraborty (DIN: 01469375) as Part Time Chairman and Independent Director of the Bank for a period of three years w.e.f. May 05, 2024 to May 04, 2027 (both days inclusive) and remuneration as approved by the RBI.
Chakraborty is not related to any other Directors or Key Managerial Personnel of the Bank. He is not debarred from holding the office of a director, by virtue of any SEBI order or any other such authority.
Please note that the approval of the shareholders for re-appointment of Chakraborty as the Part-Time Chairman and Independent Director of the Bank has been sought through postal ballot notice dated March 28, 2024.
