General Announcement::Re-appointment of Mr. AtanuChakrabortyasPartTimeChairman&IndependentDirectorofHDFCBankLtd.

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
04-May-2024 00:08:10
Status
New
Announcement Sub Title
Re-appointment of Mr. AtanuChakrabortyasPartTimeChairman&IndependentDirectorofHDFCBankLtd.
Announcement Reference
SG240504OTHRUQMI
Submitted By (Co./ Ind. Name)
HDFC Bank Limited
Designation
Deputy Vice President
Effective Date and Time of the event
03/05/2024 17:00:00
Description (Please provide a detailed description of the event in the box below)
In continuation of our intimation dated December 27, 2023, we wish to inform you that the Reserve Bank
of India ( RBI ) vide its communication dated May 2, 2024, has approved the re-appointment of Mr.
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 Mr. 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. A brief profile of Mr.
Chakraborty is annexed herewith as Annexure-I.
Mr. 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 Mr. Atanu Chakraborty as the Part
Time Chairman and Independent Director of the Bank has been sought through postal ballot notice dated
March 28, 2024.
This is for your information and appropriate dissemination.
You are requested to take note of the above.

Annexure I
Brief Profile of Mr. Atanu Chakraborty
Mr. Atanu Chakraborty is currently a Part-time Chairman and Independent Director of HDFC Bank
Limited. He served the Government of India, for a period of thirty-five (35) years, as a member of Indian
Administrative Service (IAS) in Gujarat cadre. He has mainly worked in areas of Finance and Economic
Policy, Infrastructure, Petroleum and Natural Gas. In the Union Government, he held various posts such
as Secretary to Government of India in the Ministry of Finance- Department of Economic Affairs (DEA)
during FY 2019-20. As Secretary (DEA), he co-ordinated economic policy making for all ministries/
departments and managed entire process of formulation of budget making for Union of India, including
its passage in Parliament.
He was responsible for fiscal management policies, policies for public debt management and development
and management of financial markets. Mr. Chakraborty also handled financial stability and currency,
domestic and foreign related issues as well. He managed flow of funds with multilateral and bilateral
financial institutions and had multiple interfaces with them. He also headed a multi-disciplinary task force
that produced the National Infrastructure Pipeline (NIP). 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. During the period 2002-07, Mr. Chakraborty served as Director
and subsequently as Joint Secretary, Ministry of Finance (Department of Expenditure). During this
period, he appraised projects in the Infrastructure sector as well as looked after subsidies of Government
of India. He had also updated and modernized the Government s Financial and Procurement rules. Mr.
Chakraborty has also discharged varied roles in the Gujarat State Government including heading the
Finance Department as its Secretary.
He had been responsible for piloting the private sector investment legislation in the State. In the State
Government, he has worked on the ground in both public governance and development areas. Mr.
Chakraborty has also served on the Board of World Bank as alternate Governor as well as on the Central
Board of Directors of the Reserve Bank of India. He was also the Chairman of National Infrastructure
Investment Fund (NIIF) as also on the Board of many listed companies. Mr. Chakraborty was the
CEO/MD of the Gujarat State Petroleum Corporation Limited group of companies as well as Gujarat
State Fertilizers and Chemicals Limited. Mr. Chakraborty had published articles in reputed journals in the
areas of public finance, risk sharing in Infrastructure projects and gas infrastructure.

Attachments

SGX03052024.pdf
Total size =513K