Tuesday, January 19, 2021
Home Business News Former economic affair secretary Atanu Chakraborty likely to be next HDFC Bank...

Former economic affair secretary Atanu Chakraborty likely to be next HDFC Bank chairperson – Times of India


NEW DELHI: Former economic affairs secretary Atanu Chakraborty is likely to be the next chairperson of the country’s largest private sector lender HDFC Bank, sources said.
He would replace Shyamala Gopinath, who is set to complete her term in January.
According to the sources, the bank has recommended the name of Chakraborty for appointment as the part-time chairperson, subject to the Reserve Bank of India‘s approval.
Chakraborty, a 1985 batch IAS officer of Gujarat cadre, retired as secretary of department of economic affairs in April 2020. Prior to that, he was secretary of department of investment and public asset management (DIPAM). Both departments come under the finance ministry.
The tenure of Gopinath, a former RBI deputy governor, is ending on January 1, 2021. She was appointed as the chairperson in January 2015.
The bank’s board, at its meeting held on Monday, decided to recommend the name of Chakraborty and submitted its recommendation to the RBI for approval under section 35B of the Banking Regulation Act, 1949, the sources said.
Once he is appointed as the chairperson, HDFC Bank will be the second private sector lender to have a former bureaucrat in the chairperson post. ICICI Bank is chaired by former petroleum secretary and additional secretary in the finance ministry G C Chaturvedi.



Source link

Avatar
Sahilhttp://digitalguruji.org
In this blog our main motive is to provide you all kind of latest information about technology, politics, sports, and health. If you want to read this information then you should have to visit our website. This information will help you to increase your knowledge.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Weight loss: “I finish my dinner before 7 pm to stay fit” | The Times of India

2020 was difficult for most of us. But it also made me realize that darkness is always bad. After all, there's always light...

Total in $2.5 billion deal to buy 20% in Adani green arm, 50% of 2 GW operating solar projects – Times of India

NEW DELHI: French oil and gas major Total SE is to acquire a 20% stake in Adani Green Energy Ltd

Users of UPI, Rupay cards can buy health cover digitally – Times of India

MUMBAI: Rupay cardholders and those with UPI (unified payment interface) registrations will be eligible to buy health...

Arjun Chowdhry to head Citi’s consumer banking in India – Times of India

MUMBAI: Citibank has a new head of consumer business in India. The US-headquartered lender, which has the largest retail portfolio among...

Recent Comments