HDFC Bank Appoints Former NABARD Chairman as Director
By Rediff Money Desk, NEWDELHI Nov 27, 2023 16:07
HDFC Bank has appointed former NABARD chairman Harsh Kumar Bhanwala as an additional independent director, subject to shareholder approval. Learn more about the appointment and Bhanwala's background.
New Delhi, Nov 27 (PTI) HDFC Bank on Monday said the board of the bank has approved the appointment of former NABARD chairman Harsh Kumar Bhanwala as an additional independent director.
The board in its meeting on Monday also approved the appointment of V Srinivasa Rangan, chief financial officer of erstwhile Housing Development Finance Corporation Ltd, as executive director for three years with effect from November 23, 2023, HDFC Bank said in a regulatory filing.
Both appointments are subject to shareholders' approval, it said.
Bhanwala has been appointed for a period of three consecutive years from January 25, 2024 to January 24, 2027, it said.
Currently, Non-Executive Chairman of MCX, Bhanwala also serves as the Director on the boards of IIM Rohtak and Bayer Crop Science Ltd.
Prior to leading National Bank for Agriculture and Rural Development (NABARD), he was the chairman and managing director of the India Infrastructure Finance Company (IIFCL), as per the filing.
Rangan has vast experience in housing finance and real estate sector.
The board in its meeting on Monday also approved the appointment of V Srinivasa Rangan, chief financial officer of erstwhile Housing Development Finance Corporation Ltd, as executive director for three years with effect from November 23, 2023, HDFC Bank said in a regulatory filing.
Both appointments are subject to shareholders' approval, it said.
Bhanwala has been appointed for a period of three consecutive years from January 25, 2024 to January 24, 2027, it said.
Currently, Non-Executive Chairman of MCX, Bhanwala also serves as the Director on the boards of IIM Rohtak and Bayer Crop Science Ltd.
Prior to leading National Bank for Agriculture and Rural Development (NABARD), he was the chairman and managing director of the India Infrastructure Finance Company (IIFCL), as per the filing.
Rangan has vast experience in housing finance and real estate sector.
Read More On:
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- GTL Infrastructure
- 2.93 ( -4.87)
- 226206286
- IFL Enterprises
- 1.30 (+ 4.84)
- 81461564
- Vodafone Idea L
- 16.79 (+ 0.66)
- 67447398
- NCL Research
- 0.95 ( -4.04)
- 31996628
- Franklin Industries
- 3.73 (+ 3.32)
- 21511209
MORE NEWS
![Cipla Faces Rs...](https://im.rediff.com/80-80/money/2020/oct/01tax.jpg)
Cipla Faces Rs 773 Crore I-T Demand: Details -...
Cipla receives a Rs 773.44 crore demand notice from the income tax department for...
![EV Segment Growth...](https://im.rediff.com/80-80/money/2023/jun/19ev.jpg)
EV Segment Growth Needs Long-Term Policy...
Lohia CEO Ayush Lohia emphasizes the need for long-term policy support, including FAME...
![Gold Price Rises...](https://im.rediff.com/80-80/money/2015/jul/01gold.jpg)
Gold Price Rises Rs 550, Silver Jumps Rs 400 |...
Gold prices surged by Rs 550 to Rs 75,700 per 10 grams on Tuesday, driven by strong...