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India

HDFC Bank Ltd (HDBK.BO)

HDBK.BO on Bombay Stock Exchange

1,244.15INR
21 Jan 2020
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Summary

Name Age Since Current Position

Shyamala Gopinath

69 2015 Non-Executive Independent Chairperson of the Board

Srinivasan Vaidyanathan

55 2019 Chief Financial Officer

Munish Mittal

50 2018 Group Head, Chief Information Officer

Santosh Haldankar

2018 Compliance Officer, Company Secretary

Jimmy Tata

52 2018 Group Head, Chief Risk Officer

Aditya Puri

68 Managing Director, Non-Independent Executive Director

Ashish Parthasarthy

51 2018 Group Head, Treasurer

Kaizad Bharucha

54 2013 Executive Director

Sashidhar Jagdishan

54 2019 Additional Executive Director, Head of Finance

Bhavesh Zaveri

52 2019 Additional Executive Director, Group Head - Operations & Technology

Abhay Aima

57 2018 Group Head - Equities, Private Banking, Third Party Products, NRI & International Consumer Business

Smita Bhagat

53 2018 Group Head - Government and Institutional business, Ecommerce & Start-ups

Ashima Bhat

48 2018 Group Head - Strategy, Business Finance, CSR, Administration & Infrastructure

V. Chakrapani

55 2018 Group Head - Internal Audit and Quality Initiatives Group

Nitin Chugh

47 2018 Group Head - Digital Banking

Benjamin Frank

2018 Group Head - Wholesale Credit

Arvind Kapil

47 2018 Group Head - Unsecured, Home, Mortgages, and Working Capital Loans

Ashok Khanna

62 2018 Group Head - Secured Loans (Vehicles)

Parag Rao

53 2018 Group Head - Card Payment Products, Merchant Acquiring Services & Marketing

Rajesh Rathanchand

47 2018 Group Head - Retail Credit and Risk

Vinay Razdan

52 2018 Group Head - Human Resources

S. Sampathkumar

2018 Group Head - Liability Products, Third Party Products and Non-Resident Business

Nirav Shah

47 2018 Group Head - Emerging Corporates Group, Infrastructure Finance Group & Rural Banking Group

Rahul Shukla

50 2018 Group Head - Corporate Banking & Business Banking

Rakesh Singh

50 2018 Group Head - Investment Banking, Private Banking, Capital Markets & Financial Institutions

Arvind Vohra

47 2018 Group Head - Retail Branch Banking

Keki Mistry

65 2012 Non-Executive Non-Independent Director

Srikanth Nadhamuni

55 2016 Non-Executive Non Independent Director

Sandeep Parekh

48 2019 Additional Non-Executive Independent Director

Malay Patel

42 2015 Non-Executive Independent Director

Mavinakere Ranganath

57 2019 Additional Non-Executive Independent Director

Sanjiv Sachar

61 2018 Additional Non-Executive Independent Director

Umesh Sarangi

67 2016 Non-Executive Independent Director

Biographies

Name Description

Shyamala Gopinath

Mrs. Shyamala Gopinath serves as Non-Executive Independent Chairperson of the Board of the Company. She holds a Master’s Degree in Commerce and is a CAIIB. Mrs. Shyamala Gopinath has over 40 years of experience in financial sector policy formulation in different capacities at RBI. As Deputy Governor of RBI for seven years, and a member of the RBI’s Board of Directors, she guided and influenced national policies in diverse areas such as regulation and supervision, development of financial markets, capital account management, management of government borrowings, forex reserves management and payment and settlement system. She has served on several Committees while with the RBI. During 2001-03, she worked as senior financial sector expert in the then Monetary Affairs and Exchange Department of the International Monetary Fund (Financial Institutions Division). She was on the Corporate Bonds and Securitisation Advisory Committee (CoBoSAC), a Sub-Committee of SEBI. She served as the Chairperson on the Advisory Board on Bank, Commercial and Financial Frauds for two years from 2012 to 2014. She was an Independent Director on the Boards of Clearing Corporation of India Limited, Indian Oil Corporation Limited and GAIL (India) Limited. Apart from HDFC Bank, she is an Independent Director on few other companies including not for profit entities. She is also Chairperson of the Board of Governors of Indian Institute of Management, Raipur. Mrs. Gopinath does not hold any shares in the Bank as on March 31, 2018.

Srinivasan Vaidyanathan

Mr. Srinivasan Vaidyanathan serves as Chief Financial Officer of the Company. Mr. Vaidyanathan is a Fellow of the Institute of Chartered Accountants of India, Cost and Management Accountants of India and Licentiate of the Institute of Company Secretaries of India. He is also a Fellow of Association of International Accountants, United Kingdom and member of CMA, USA.

Munish Mittal

Santosh Haldankar

Jimmy Tata

Mr. Jimmy M. Tata serves as Group Head, Chief Risk Officer of the Company. He holds a Masters of Financial Management degree from the University of Mumbai and is a qualified Chartered Financial Analyst from the Institute of Chartered Financial Analysts of India, Hyderabad. He has 20 years of work experience and he has been with the Bank since 1994.

Aditya Puri

Mr. Aditya Puri serves as Managing Director, Non-Independent Executive Director of the Company. He holds a Bachelor’s degree in Commerce from Punjab University and is an Associate Member of the Institute of Chartered Accountants of India. Prior to joining the Bank, Mr. Puri was the Chief Executive Officer of Citibank, Malaysia from 1992 to 1994. Mr. Puri has been the Managing Director of the Bank since September 1994. Mr. Puri has over four decades of experience in the banking sector in India and abroad. Mr. Puri has provided outstanding leadership as the Managing Director and has contributed significantly to enable the Bank scale phenomenal heights under his stewardship. During the year, Mr. Puri was awarded the Lifetime Achievement Award by Businessworld magazine for his contribution to banking. The numerous awards won by Mr. Puri and the Bank are a testimony to the tremendous credibility that Mr. Puri has built for himself and the Bank over the years. The Bank has made good and consistent progress on key parameters like balance sheet size, total deposits, net revenues, earnings per share and net profit during Mr. Puri’s tenure.advisor to the Central Government appointed Board of Directors of Satyam Computers Services Limited during the restoration process and has also been engaged in providing business / strategic and financial consultancy on a selective basis. Mr. Datta has rich and extensive experience in various financial and accounting matters including financial management, mergers and amalgamations and capital markets strategy. Mr. Datta is one of the financial experts on the Audit Committee of the Board. Mr. Datta does not hold any equity shares in the Bank as on March 31, 2018.

Ashish Parthasarthy

Mr. Ashish Parthasarthy serves as Group Head, Treasurer of the Company. He holds a Bachelor of Engineering degree from the Karnataka Regional Engineering College and has a Post-Graduate Diploma in Management from the Indian Institute of Management, Bangalore. He has 18 years of experience in the interest rate and currency markets.

Kaizad Bharucha

Mr. Kaizad Bharucha is Executive Director of HDFC Bank Ltd. He holds a Bachelor of Commerce degree from University of Mumbai. He has been associated with the Bank since 1995. In his current position as Executive Director, he is responsible for Wholesale Banking covering areas of Corporate Banking, Emerging Corporate Group, Business Banking, Capital Markets & Commodities Business, Agri Lending, Investment Banking, Financial Institutions & Government Business and Department for Special Operations. He has driven growth and profitability in the aforesaid areas of the Wholesale banking segment of the Bank. In his previous position as Group Head - Credit & Market Risk, he was responsible for the Risk Management activities in the Bank viz., Credit Risk, Market Risk, Debt Management, Risk Intelligence and Control functions. Mr. Bharucha has been a career banker with over three decades of banking experience. Prior to joining the Bank, he worked in SBI Commercial and International Bank in various areas including Trade Finance and Corporate Banking. He has represented HDFC Bank as a member of the working group constituted by the Reserve Bank of India to examine the role of Credit Information Bureau and on the sub-committee with regard to adoption of the Basel II guidelines.

Sashidhar Jagdishan

Mr. Sashidhar Jagdishan serves as Additional Executive Director, Head of Finance of the Company. He joined the Bank in the year 1996 as a Manager in the Finance function. He became Business Head- Finance in 1999 and was appointed as Chief Financial Officer in the year 2008. He has played a critical role in supporting the growth trajectory of the Bank. He has led the finance function and played a pivotal role in aligning the organization in achieving the strategic objectives over the years. He is currently the Group Head of Finance, Human Resources, Legal & Secretarial, Administration, Infrastructure, Corporate Communications and Corporate Social Responsibility. Sashi has an overall experience of 29 years. He has completed his graduation in Science with specialization in Physics, a Chartered Accountant by profession and also holds a Master’s degree in Economics of Money, Banking & Finance.

Bhavesh Zaveri

Mr. Bhavesh Zaveri is Additional Executive Director, Group Head - Operations & Technology of the Company. He joined the Bank in 1998 in the Operations function. He became Business HeadWholesale Banking Operations in the year 2000 and was appointed as Group Head- Operations in 2009. He assumed additional responsibilities of the Information Technology function in 2015. He has been a member of various Committees formed by the Reserve Bank of India and Indian Banks’ Association. Mr. Zaveri played a pivotal role in the growth trajectory of the Bank. Mr. Zaveri has ensured scaling up of the Operations function with the pace of Bank’s growth. He has contributed to the digital transformation of the Bank by embracing technology to ensure operational efficiency resulting in improved customer experience across different product offerings of the Bank. He is currently the Group Head for Operations, IT and Cash Management. Mr. Zaveri has been twice honored with the “Who’s Who in Treasury and Cash Management” by Global Trade Review. Prior to working for the Bank, he worked for Oman International Bank and Barclays Bank. He has an overall experience of 33 years. Mr. Zaveri holds a Master’s Degree in Commerce from Mumbai University and is a Certified Associate of the Indian Institute of Bankers.

Abhay Aima

Mr. Abhay Aima serves as Group Head - Equities, Private Banking, Third Party Products, NRI & International Consumer Business of the Company. He is graduate of the National Defence Academy. Mr. Aima is the Bank’s Head of Equities, Private Banking and Third Party Products. He is in charge of NRI and International Consumer Banking.

Smita Bhagat

Ashima Bhat

V. Chakrapani

Nitin Chugh

Benjamin Frank

Arvind Kapil

Ashok Khanna

Parag Rao

Rajesh Rathanchand

Vinay Razdan

S. Sampathkumar

Nirav Shah

Rahul Shukla

Rakesh Singh

Arvind Vohra

Keki Mistry

Mr. Keki Minoo Mistry CPA serves as Non-Executive Non-Independent Director of the Company. He holds a Bachelor’s Degree in Commerce from the Mumbai University. Mr. Mistry is a Fellow Member of the Institute of Chartered Accountants of India. Mr. Mistry brings with him over three decades of varied experience in banking and financial services domain. Mr. Mistry started his career with AF Ferguson & Co, a renowned Chartered Accountancy firm, followed by stints at Hindustan Unilever Limited and Indian Hotels Company Limited. In the year 1981, Mr. Mistry joined Housing Development Finance Corporation Limited (HDFC Ltd.). Mr. Mistry was inducted on to the Board of HDFC Ltd. as an Executive Director in the year 1993 and was elevated to the post of Managing Director in November 2000. In October 2007, Mr. Mistry was appointed as Vice Chairman & Managing Director of HDFC Ltd. and became the Vice Chairman & CEO in January 2010. As a part of the management team, Mr. Mistry has played a critical role in the successful transformation of HDFC Ltd. into India’s leading Financial Services Conglomerate by facilitating formation of companies including HDFC Bank Ltd., HDFC Asset Management Company Ltd., HDFC Standard Life Insurance Company Ltd. and HDFC Ergo General Insurance Company Ltd.

Srikanth Nadhamuni

Mr. Srikanth Nadhamuni serves as Non-Executive Non Independent Director of the Company. He holds a Bachelor’s degree in Electronics and Communications from National Institute of Engineering and a Master’s degree in Electrical Engineering from Louisiana State University. Mr. Nadhamuni is a technologist and an entrepreneur with 28 years of experience in the areas of CPU design, Healthcare, e-Governance, National ID, Biometrics, Financial Technology and Banking sectors. Mr. Nadhamuni presently is the Chairman of Novopay Solutions Private Limited, a company involved in the area of mobile payments and is the CEO of Khosla Labs Private Limited, a start-up incubator. He has also been a co-founder of e-Governments Foundation with Mr. Nandan Nilekani which work on the objectives to improve governance in Indian cities, creation of Municipal ERP suite which improves service delivery of cities. Mr. Nadhamuni was the Chief Technology Officer of Aadhaar (UID Authority of India) during 2009-2012 where he participated in design and development of the world’s largest biometric based ID system. He was instrumental in development of Aadhaar technology, several banking and financial protocols including MicroATM, Aadhaar Enabled Payment System (AEPS) and Aadhaar Payment Bridge (APB). Mr. Nadhamuni spent 14 years in the Silicon Valley (California, US) working for several global companies such as Sun Microsystems (CPU design), Intel Corporation (CPU design), Silicon Graphics (Interactive TV) and WebMD (Internet Healthcare). Mr. Nadhamuni has been appointed as a Director having expertise in the field of Information Technology. Mr. Nadhamuni does not hold any shares in the Bank as on March 31, 2018.

Sandeep Parekh

Mr. Sandeep Parekh serves as Additional Non-Executive Independent Director of the Company. He holds an LL.M (Securities and Financial Regulations) degree from Georgetown University and an LL.B. degree from Delhi University. He is the managing partner of Finsec Law Advisors, a financial sector law firm based in Mumbai. He was an Executive Director at the Securities & Exchange Board of India during 2006-08, heading the Enforcement and Legal Affairs departments. He is a faculty at the Indian Institute of Management, Ahmedabad. He has worked for law firms in Delhi, Mumbai and Washington, D.C. Mr. Parekh focuses on securities regulations, investment regulations, private equity, corporate governance and financial regulations. He is admitted to practice law in New York and is a member of Mensa. He was recognized by the World Economic Forum as a “Young Global Leader” in 2008. He was Chairman and member of various SEBI and RBI Committees and sub-Committees and is presently the Chairman of SEBI’s Proxy Advisory working group and a member of SEBI’s Mutual Fund Advisory Committee.

Malay Patel

Mr. Malay Patel serves as Non-Executive Independent Director of the Company. He is a Major in Engineering (Mechanical) from Rutgers University, Livingston, NJ, USA, and an A.A.B.A. in business from Bergen County College, Fairlawn, NJ, USA. He is a director on the Board of Eewa Engineering Company Private Limited, a company in the plastics / packaging industry with exports to more than 50 countries. He has been involved in varied roles such as export / import, procurement, sales and marketing, etc in Eewa Engineering Company Private Limited. Mr. Malay Patel has special knowledge and practical experience in matters relating to small scale industries in terms of Section 10-A (2)(a) of the Banking Regulation Act, 1949. Mr. Malay Patel does not hold any shares in the Bank as on March 31, 2018 .

Mavinakere Ranganath

Mr. Mavinakere D. Ranganath serves as Additional Non-Executive Independent Director of the Company. He holds Master’s degree in technology from IIT, Madras and a Bachelor’s degree in Engineering from the University of Mysore. He is a PGDM from IIM, Ahmedabad and a member of CPA, Australia. Mr. Ranganath has over 26 years of experience in the Global IT services and financial services industry. He was Chief Financial Officer of Infosys Limited, a globally listed IT services corporation, with over 200,000 employees, till November, 2018. During his tenure of 18 years at Infosys, he was an integral part of the growth and transformation of Infosys into a globally respected IT services company and effectively played leadership roles in a wide spectrum of areas- Strategy, Finance, M&A, Consulting, Risk Management, and Corporate planning- culminating in the role of Chief Financial Officer and worked closely with the Board of Infosys and its committees in formulating and executing its strategic priorities. Prior to Infosys, he worked at ICICI Limited for 8 years and executed responsibilities in credit, treasury, equity portfolio management and corporate planning. In the years 2017 and 2018, Mr. Ranganath was the recipient of the Best CFO Asia award in the technology sector, by Institutional Investor publication, based on poll of buy-side and sell-side investor community.

Sanjiv Sachar

Mr. Sanjiv Sachar serves as Additional Non-Executive Independent Director of the Company. Mr. Sachar, is a Fellow Associate of the Institute of Chartered Accountants of India and on 31st October, 2016 retired as the Senior Partner of Egon Zehnder, the world’s largest privately held executive search firm. Mr. Sachar set up the Egon Zehnder practice in India in 1995 and played a key role in establishing the firm as a market leader in the executive search space across various country segments. Over the course of his two decades at Egon Zehnder, Mr. Sachar has mentored senior executives across industry sectors that today are either Board members, CEOs or CFOs of large corporates in India and overseas. Mr. Sachar has also been the co-founder of the chartered accountancy and management consulting firm, Sachar Vasudeva & Associates and co-founded executive search firm, Direct Impact. Mr. Sachar is an Independent Director on the Board of KDDL Limited.

Umesh Sarangi

Mr. Umesh Chandra Sarangi serves as Non-Executive Independent Director of the Company. He holds a Master’s Degree in Science (Botany) from the Utkal University (gold medalist). Mr. Sarangi has 36 years of experience in the Indian Administrative Services and brought in significant reforms in modernization of agriculture, focus on agro processing and export. As the erstwhile Chairman of the National Bank for Agriculture and Rural Development (NABARD) from December 2007 to December 2010, Mr. Sarangi focused on rural infrastructure, accelerated initiatives such as microfinance, financial inclusion, watershed development and tribal development. Mr. Sarangi has been appointed as a Director having specialized knowledge and experience in agriculture and rural economy pursuant to Section 10-A (2)(a) of the Banking Regulation Act, 1949.