General Announcement::Outcome of the Board meeting of the Bank held on January 18, 2020

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
20-Jan-2020 13:35:08
Status
New
Announcement Sub Title
Outcome of the Board meeting of the Bank held on January 18, 2020
Announcement Reference
SG200120OTHRD1A9
Submitted By (Co./ Ind. Name)
Dhanjit Thaivalappil
Designation
Asst Vice President
Description (Please provide a detailed description of the event in the box below)
Pursuant to provisions of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform that:

1) In terms of the provisions of Section 10A(2A) of the Banking Regulation Act, 1949, no director of a banking company, other than its Chairman or Whole-Time Director, can hold office continuously for a period exceeding eight years. Mr. Keki Mistry has completed a consecutive term of eight years at the close of business hours on January 18, 2020 and has accordingly relinquished his office as Director of the Bank. The Board places on record its sincere appreciation of the contribution made by Mr. Mistry during his tenure with the Bank and wishes him the best for his future endeavours.

2) The Board of Directors has duly approved the re-appointment of Mr. Malay Patel as an Independent Director on the Board of the Bank for a period of three years commencing from March 31, 2020 (upon expiration of his first term on March 30, 2020), subject to the approval of the shareholders at the ensuing Annual General Meeting of the Bank.

3) The Board of Directors has duly approved the re-appointment of Mr. Kaizad Bharucha as an Executive Director on the Board of the Bank for a period of three years commencing from June 13, 2020 (upon expiration of his term on June 12, 2020), subject to the approval of the Reserve Bank of India and the shareholders at the ensuing Annual General Meeting of the Bank.

Kindly take the same on your records.

Attachments

SGXDirectorintimations.pdf
Total size =74K