General Announcement::Update

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
25-Nov-2022 00:43:09
Status
New
Announcement Sub Title
Update
Announcement Reference
SG221125OTHRB25V
Submitted By (Co./ Ind. Name)
Dhanjit Thaivalappil
Designation
Deputy Vice President
Description (Please provide a detailed description of the event in the box below)
We wish to inform you that pursuant to the recommendations of the Nomination & Remuneration Committee, the Board of Directors of HDFC Bank Limited ( the Bank ) at its meeting held today, has recommended to the Reserve Bank of India (RBI):

1. Appointment of Mr. Bhavesh Zaveri (DIN: 01550468) as Executive Director (i.e. Whole-time Director) of the Bank for a period of 3 (three) years from such date or such other period as may be approved by RBI, and subsequently by the shareholders of the Bank. A brief profile of Mr. Zaveri is annexed herewith as Annexure-I.

2. Re-designation of Mr. Kaizad Bharucha (DIN: 02490648) from current designation of Executive Director (Whole-time Director) to Deputy Managing Director of the Bank for a period of 3 (three) years from such date or such other period as may be approved by RBI, and subsequently by the shareholders of the Bank. A brief profile of Mr. Bharucha is annexed herewith as Annexure-II.

Mr. Zaveri and Mr. Bharucha are not related to any other Directors or Key Managerial Personnel of the Bank. They are not debarred from holding the office of a director, by virtue of any SEBI order or any other such authority.

Pursuant to the applicable provisions of the Banking Regulation Act, 1949 and the Companies Act, 2013, the abovementioned appointments will be subject to the approval of the RBI and the shareholders of the Bank. Accordingly, the Bank will make application to the RBI in this regard under Section 35B of the Banking Regulation Act, 1949. In addition, further disclosure in this regard will be made after receipt of communication / approval from RBI.

This is for your information and appropriate dissemination.

Attachments

SGXSEIntimationWTD24112022.pdf
Total size =202K