Former Economic Affair Secretary Atanu Chakraborty to be subsequent HDFC Bank chairperson

Mumbai: India’s largest non-public sector lender HDFC Bank is ready to nominate former financial affairs secretary Atanu Chakraborty as the subsequent chairman of the financial institution, two individuals conscious of the event stated. His candidature was submitted to the Reserve Bank of India (RBI) by the HDFC Bank board on December 28, stated one of many individuals cited above. The RBI has to approve the appointment.

The tenure of present chairman Shyamala Gopinath will finish on January 1, 2021. Gopinath, a former RBI deputy governor, has been serving within the place since January 2, 2015. HDFC Bank declined to remark.

IAS Officer of Gujarat Cadre

Chakraborty couldn’t be instantly reached for remark.

HDFC Bank had knowledgeable the exchanges on December 28 that the Nomination & Remuneration Committee had submitted its advice and it had been despatched to the RBI for approval beneath Section 35B of the Banking Regulation Act, 1949. It didn’t identify the candidate. “Further disclosure in this regard will be made after receipt of communication from the RBI,” the financial institution had stated in its discover to exchanges.

Chakraborty is a 1985 batch Indian Administrative Services officer of the Gujarat cadre. He has a postgraduate diploma in enterprise finance and an MBA from the UK. He served as managing director and government director of Gujarat State Petronet Ltd from November 6, 2014 to April 11, 2016. He has served within the districts of Vadodara and Sabarkantha and was collector of Amreli.

Chakraborty has expertise of greater than 22 years, working in varied central and state authorities departments, together with income, finance, residence, water sources and schooling in addition to public sector undertakings.