HDFC Financial institution, the nation’s largest personal sector lender, on Friday (Could 3) introduced that the Reserve Financial institution of India (RBI) has authorized the reappointment of Atanu Chakraborty because the financial institution’s part-time chairman for one more three-year time period. This reappointment will take impact from Could 5, 2024, and can final till Could 4, 2027.
In a press release to the exchanges, the financial institution confirmed the reappointment primarily based of Atanu Chakraborty on the approval from the RBI and suggestions from the Nomination and Remuneration Committee. Chakraborty is presently the Half-Time Non-Govt Chairman and Impartial Director of HDFC Financial institution.
“Pursuant to the aforementioned approval by the RBI and primarily based on the advice of the Nomination and Remuneration Committee, the Board of Administrators of the Financial institution has authorized the re-appointment of Atanu Chakraborty as Impartial of the Financial institution for a interval of three,” the financial institution mentioned.
Shares of HDFC Financial institution closed at Rs 1518.65 apiece, down 0.94 per cent, on the BSE on Friday.
Chakraborty brings intensive expertise from his 35-year tenure within the Indian Administrative Service (IAS) within the Gujarat cadre, notably in finance, financial coverage, infrastructure, and power sectors. Throughout his time with the Union Authorities, he held key positions reminiscent of Secretary to the Authorities of India within the Ministry of Finance’s Division of Financial Affairs from 2019 to 2020. His tasks included managing monetary stability and forex issues, in addition to overseeing home and worldwide monetary transactions.
Chakraborty has robust tutorial credentials, together with a Bachelor’s diploma in Engineering (Electronics & Communication) from NIT Kurukshetra, a Diploma in Enterprise Finance from ICFAI, Hyderabad, and a Grasp’s diploma in Enterprise Administration from the College of Hull, UK. His wealth of expertise and academic background will proceed to contribute to HDFC Financial institution’s development and stability as he takes on his reappointment.
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