Hdfc Bank Ltd 6-K, filed May 6, 2024
Hdfc Bank Ltd (HDB)
About this 6-K
Hdfc Bank Ltd filed this 6-K on May 6, 2024.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 under the
Securities Exchange Act of 1934
For the month of May, 2024
Commission File Number 001-15216
HDFC BANK LIMITED
(Translation of registrant’s name into English)
HDFC Bank House, Senapati Bapat Marg,
Lower Parel, Mumbai. 400 013, India
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ☒ Form 40-F ☐
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| HDFC BANK LIMITED | ||||||
| (Registrant) | ||||||
| Date: May 03, 2024 | By: | /s/ Santosh Haldankar | ||||
| Name: Santosh Haldankar | ||||||
| Title: Company Secretary | ||||||
EXHIBIT INDEX
The following documents (bearing the exhibit number listed below) are furnished herewith and are made a part of this report pursuant to the General Instructions for Form 6-K.
Description
Re-appointment of Mr. Atanu Chakraborty as Part Time Chairman and Independent Director of HDFC Bank Limited (“the Bank”)
Exhibit 99
May 03, 2024
New York Stock Exchange
11, Wall Street,
New York,
NY 10005
USA
Dear Sir/ Madam,
Sub: Re-appointment of Mr. Atanu Chakraborty as Part Time Chairman and Independent Director of HDFC Bank Limited (“the Bank”)
In continuation of our intimation dated December 27, 2023, we wish to inform you that the Reserve Bank of India (“RBI”) vide its communication dated May 2, 2024, has approved the re-appointment of Mr. Atanu Chakraborty (DIN: 01469375) as the Part Time Chairman of the Bank under Section 10B (1A)(i) of the Banking Regulation Act, 1949 for a period of three years w.e.f. May 05, 2024 to May 04, 2027 (both days inclusive).
Further, pursuant to the aforementioned approval by the RBI and based on the recommendation of the Nomination & Remuneration Committee, the Board of Directors of the Bank, vide a resolution passed today i.e. May 3, 2024, has approved the re-appointment of Mr. Atanu Chakraborty (DIN: 01469375) as Part Time Chairman and Independent Director of the Bank for a period of three years w.e.f. May 05, 2024 to May 04, 2027 (both days inclusive) and remuneration as approved by the RBI. A brief profile of Mr. Chakraborty is annexed herewith as Annexure-I.
Mr. Chakraborty is not related to any other Directors or Key Managerial Personnel of the Bank. He is not debarred from holding the office of a director, by virtue of any SEBI order or any other such authority.
Please note that the approval of the shareholders for re-appointment of Mr. Atanu Chakraborty as the Part Time Chairman and Independent Director of the Bank has been sought through postal ballot notice dated March 28, 2024.
This is for your information and appropriate dissemination.
You are requested to take note of the above.
Yours faithfully,
For HDFC Bank Limited
Sd/-
Santosh Haldankar
Company Secretary
Annexure I
Brief Profile of Mr. Atanu Chakraborty
Mr. Atanu Chakraborty is currently a Part-time Chairman and Independent Director of HDFC Bank Limited. He served the Government of India, for a period of thirty-five (35) years, as a member of Indian Administrative Service (IAS) in Gujarat cadre. He has mainly worked in areas of Finance and Economic Policy, Infrastructure, Petroleum and Natural Gas. In the Union Government, he held various posts such as Secretary to Government of India in the Ministry of Finance- Department of Economic Affairs (DEA) during FY 2019-20. As Secretary (DEA), he co-ordinated economic policy making for all ministries/ departments and managed entire process of formulation of budget making for Union of India, including its passage in Parliament.
He was responsible for fiscal management policies, policies for public debt management and development and management of financial markets. Mr. Chakraborty also handled financial stability and currency, domestic and foreign related issues as well. He managed flow of funds with multilateral and bilateral financial institutions and had multiple interfaces with them. He also headed a multi-disciplinary task force that produced the National Infrastructure Pipeline (NIP). He has also served as Secretary to the Union Government for Disinvestment (Department of Investment and Public Asset Management) wherein he was responsible for both policy as well as execution of the process of disinvestment of Government of India’s stake in state owned enterprises. During the period 2002-07, Mr. Chakraborty served as Director and subsequently as Joint Secretary, Ministry of Finance (Department of Expenditure). During this period, he appraised projects in the Infrastructure sector as well as looked after subsidies of Government of India. He had also updated and modernized the Government’s Financial and Procurement rules. Mr. Chakraborty has also discharged varied roles in the Gujarat State Government including heading the Finance Department as its Secretary.
He had been responsible for piloting the private sector investment legislation in the State. In the State Government, he has worked on the ground in both public governance and development areas. Mr. Chakraborty has also served on the Board of World Bank as alternate Governor as well as on the Central Board of Directors of the Reserve Bank of India. He was also the Chairman of National Infrastructure Investment Fund (NIIF) as also on the Board of many listed companies. Mr. Chakraborty was the CEO/MD of the Gujarat State Petroleum Corporation Limited group of companies as well as Gujarat State Fertilizers and Chemicals Limited. Mr. Chakraborty had published articles in reputed journals in the areas of public finance, risk sharing in Infrastructure projects and gas infrastructure.