General Announcement::Change in 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
03-Apr-2024 00:33:38
Status
New
Announcement Sub Title
Change in Senior Management Personnel
Announcement Reference
SG240403OTHRG5QV
Submitted By (Co./ Ind. Name)
HDFC Bank Limited
Designation
Deputy Vice President
Effective Date and Time of the event
01/04/2024 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 the Bank has appointed Mr. Suketu Kapadia as Group Head Internal Audit w.e.f. April 1, 2024 in place of Mr. V. Chakrapani, who vacates the office as Group Head Internal Audit on March 31, 2024 (post attaining the age of 60 years) and would take up a new role in the Bank as Group Head - Change Agent w.e.f April 1, 2024, spearheading key strategic initiatives and transformation projects being undertaken by the Bank.

Brief profiles of Mr. Suketu Kapadia and Mr. V. Chakrapani are enclosed as Annexure I & II.

The Bank would like to place on record its sincere appreciation for the dedicated services provided by Mr. V Chakrapani throughout his 29 years of association with the Bank. Over the years, he has contributed to the exponential growth story of the Bank both in terms of scale as well as diversity of business lines. With ever changing regulatory environment, he has developed robust systems and processes within the Bank in the area of Internal Audit which has effectively and efficiently managed the complexity of work.

You are requested to take note of the above.

Annexure I

Brief Profile of Mr. SUKETU KAPADIA

Mr. Suketu Kapadia holds a Bachelor s degree in Commerce from Mumbai University and is a Fellow Member of the Institute of Chartered Accountants of India. He is also a Certified Information Systems Auditor. He started his career in 1997 as Audit Manager of N.M Raiji & Co., Chartered Accountants.

He joined V.P. Thacker & Co., Chartered Accountants where he worked for more than 8 years. In 2007, he joined ICICI Bank Limited where he held various positions in Internal Audit Department. He joined IDFC First Bank Limited in 2016 as Head Internal Audit. He is responsible for setting up the Internal Audit Function of IDFC First Bank Limited in 2016 post commencement of operations. He has various notable achievements at IDFC First Bank Limited such as setting up industry leading digital audit analytics, implementing digitised audit workflow processes, creating internal audit processes to cater to digital lending businesses, involved with the transition of new management at the time of merger, etc. He is currently designated as the Chief Internal Auditor of IDFC First Bank Limited. Mr.

Suketu Kapadia is a seasoned audit professional with more than 25 years of experience in Assurance, Risk Management, Finance and Consulting. He has extensive experience of dealing with Audit Committees, Boards and other senior stakeholders. He also has international experience having worked on assignments in USA, Australia, UK, SE Asia and UAE

Annexure II

Brief Profile of Mr. V. CHAKRAPANI

Mr. V. Chakrapani will be Group Head - Change Agent, where he will be instrumental in the delivery of key strategic initiatives across the Bank. He will also be responsible for enhancing customer service standards, establishing robust grievance redressal mechanisms and will have oversight on enhancement
of digital customer experience and improvement of digital adoption and penetration, improvement of data quality & data governance amongst other things.


Attachments

SGX.pdf
Total size =511K