General Announcement::Appointment of Secretarial Auditor and Senior Management Personnel

Issuer & Securities

Issuer/ Manager
HDFC BANK LIMITED
Securities
HDFCBANK INR23B 8.1%N250322 - XS1794215696 - 8NPB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
21-Apr-2025 19:18:30
Status
New
Announcement Sub Title
Appointment of Secretarial Auditor and Senior Management Personnel
Announcement Reference
SG250421OTHRGTRE
Submitted By (Co./ Ind. Name)
HDFC Bank Limited
Designation
Vice President
Effective Date and Time of the event
21/04/2025 17:00:00
Description (Please provide a detailed description of the event in the box below)
We wish to inform you that the Board of Directors of HDFC Bank Limited ( the Bank ), at its meeting held on April 19, 2025, has inter alia approved the following:
(i) Appointment of M/s. Bhandari & Associates, Practicing Company Secretaries Practising
Company Secretaries firm (Registration No.: P1981MH043700) registered with The Institute of
Company Secretaries of India, as Secretarial Auditors of the Bank from FY 2025-26 to FY 2029-
30, for a fee of Rs. 15 lacs per annum plus applicable GST & actual out of pocket expense. The
brief profile of M/s. Bhandari & Associates is enclosed as Annexure I
(ii) Approved the elevation of Mr. Prasun Singh as Group Head Ethics Function, with effect from
June 01, 2025, whereby he becomes a part of Senior Management of the Bank. A brief profile of
Mr. Prasun Singh is attached herewith as Annexure II
Please note that the Board Meeting concluded at 4.30 P.M.
This is for your information and appropriate dissemination.

Annexure I
Brief profile of M/s. M/s. Bhandari & Associates
Bhandari & Associates is a prominent Practicing Company Secretaries Firm, established in 1981 with
over 40 years of experience in comprehensive corporate secretarial and compliance advisory services. The
firm is Peer Reviewed and Quality Reviewed by the Institute of Company Secretaries of India having firm
registration number as P1981MH043700.
The Firm has an excellent track record in the areas of Corporate Laws, Securities Laws, FEMA and Tax
Laws supporting businesses of all sizes - from emerging start-ups, to large corporates and multinationals.
The Firm has been providing audit/non-audit and consultancy services to clients across various sectors
including Banking, Financial Services and Insurance (BFSI) sector, Information Technology, Broking,
manufacturing sector, public sector enterprises.
The firm has conducted Secretarial Audits for several listed and unlisted companies including entities
amongst the Nifty 50 listed entities.

Annexure II
Brief profile of Mr. Prasun Singh
Mr. Prasun Singh is working as Chief Ethics Officer of the Bank since April 2023 with broad
responsibilities in overseeing the Ethics function in the Bank and to conduct programme with the
objective of anchoring/ promoting a positive ethical culture in the organisation leading to enhancement in
brand equity and market reputation. He is also responsible for policy development on all matters relating
to ethics at the Bank and supports the MD & CEO/ Board and its Committees in ensuring that all Bank
personnel observe and perform their functions consistent with the ethical standards required by the Code
of Conduct of the Bank.
Prior to that Mr. Singh was discharging the role and responsibility of Chief of Internal Vigilance/Chief
Vigilance Officer (CIV/CVO) of the Bank having functional reporting directly to the Audit Committee
of the Board (ACB) and administrative reporting to the MD/Executive Director. As CIV/CVO, heading
the Vigilance & Fraud Reporting Unit and exercising general superintendence and control over vigilance
matters in the Bank. As CIV, the functions and powers encompass all three facets of vigilance namely
preventive, detective and punitive. Responsible for leading and handling all significant investigations
across India which includes cases of internal/external frauds, regulatory matters, conflicts of interest
cases, inappropriate conduct, Whistleblower complaints. Responsibilities include oversight and
management of all Fraud reporting to the regulator and investigation/ review of Vigilance cases.
Mr. Singh has worked with Directorate of Enforcement with proven track record in independently
handling collection and development of intelligence, carrying out investigations in the field of foreign
exchange violations and money laundering. He possesses investigative experience of over 18 years in the
domain of Indirect Taxation/Law Enforcement, i.e. Customs, Central Excise, Service Tax, Narcotics,
FEMA and PMLA, including economic crimes and anti-bribery investigations. He has also worked in
various capacities with the Enforcement Directorate (ED), Directorate of Revenue Intelligence (DRI) and
Customs & Central Excise Department under Ministry of Finance and handled high profile sensitive cases
involving banking frauds, commercial frauds, smuggling of prohibited items including narcotics, foreign
exchange violations and money laundering offences, tax evasion and vigilance matter.

Attachments

SGXAppt31032025.pdf
Total size =609K