HDFC is all set to welcome their new chairperson. One of India’s largest private sector banks, HDFC Bank is ready to appoint Atanu Chakraborty, the former economic affairs secretary as the next Chairman of HDFC Bank. The bank submitted the candidature of Mr. Chakraborty to The Reserve Bank of India on December 28th. Though the bank is yet to release an official statement on it, things are most likely to work in the favor of HDFC Bank. The Reserve Bank of India board is yet to finalize and approve the appointment.
The current Chairman of HDFC Bank, Shyamala Gopinath will end his tenure on 1st January 2021. He was earlier appointed as the deputy governor of RBI and has been the HDFC Chairperson from January 2, 2015. HDFC Bank had disclosed that the Nomination and Remuneration Committee had put forward their recommendation to the Reserve Bank of India for further action under Section 35B of the Banking Regulation Act, 1949. Though they had not revealed the name of Mr. Chakraborty, In the statement, the sources revealed the details. HDFC Bank management is trying to keep all details off the charts.
Atanu Chakraborty, HDFC’s probable next chairperson is a 1985 batch officer of the Indian Administrative Services who was a part of the Gujarat cadre. He holds a postgraduate diploma in business finance with a Masters in Business Administration from the UK. He has more than 22 years of experience that HDFC Bank wants to benefit from. The man has previously worked as the Managing Director and executive director for Gujarat State Petronet Ltd. from November 2014 to April 2016. He has had expertise in the world of business, especially in Gujarat. He was also formerly a collector in Amreli. Chakraborty has experience in state and central government departments like that of Revenue, finance, home as well as various public sector undertakings. With his expertise, HDFC Bank aims to soar higher.