RBI okays Atanu Chakraborty appointment as HDFC Bank’s part-time chairman

Atanu Chakraborty

Banking regulator Reserve Bank of India (RBI) has approved the appointment of Atanu Chakraborty as the part-time chairman of HDFC Bank.

In a statement, HDFC Bank said, “A meeting of the Board of Directors of the Bank will be convened in due course inter-alia to consider the appointment of Atanu Chakraborty as the Part-Time Chairman and Additional Independent Director of the Bank.”

The new appointment is made for a period of three years and follows the Shymala Gopinath exit as the former chairperson, in December last year.

Chakraborty is a 1985 batch IAS officer from the Gujarat cadre. He holds a post-graduate diploma in business finance and an MBA from the UK. Chakraborty was the managing director and executive director of Gujarat State Petronet Limited from November 6, 2014, to April 11, 2016. Besides, he served in the districts of Vadodara and Sabarkantha, and was collector of Amreli.

Chakraborty was also a part of the Board of World Bank as alternate Governor as well as on the Central Board of Directors of the Reserve Bank of India. Earlier, he was the Chairman of National Infrastructure Investment Fund (NIIF) as also on the Board of many listed companies.

Chakraborty was also the CEO/MD of the GSPC group of companies as well as Gujarat State Fertilizers and Chemicals Ltd.

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