Appointment-Chief of Internal Vigilance

HDFC Bank Limited

01 November 2023

 

CIN: L65920MH1994PLC080618                           HDFC Bank Limited,

 Email: [e-mail]      Zenith House,

 Website: www.hdfcbank.com                            Opp. Race Course Gate no. 5 & 6,

November 1, 2023 BSE Limited      Dept of Corporate Services  Phiroze Jeejeebhoy Towers,  Dalal Street, Fort,              Mumbai 400 001               Scrip Code: 500180

Keshavrao Khadye Marg, Mahalaxmi, Mumbai- 400034    Tel.: 022 - 3976 0000 / 07 / 12 National Stock Exchange of India Limited The Listing Department Exchange Plaza Bandra Kurla Complex, Mumbai 400 051 Scrip Symbol: HDFCBANK

Dear Sir / Madam,

Sub: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("the Listing Regulations") - Appointment of Chief of Internal Vigilance of HDFC Bank Limited ("the Bank")

We wish to inform you that based on the recommendations of the Audit Committee and the Nomination and Remuneration Committee, the Board of Directors of the Bank, vide circular resolution passed today at 12:02 p.m. (IST), has approved the appointment of Mr. Sachin Suryakant Rane as the Chief of Internal Vigilance ("CIV") of the Bank for a period of 3 (three) years, with effect from November 1, 2023 to October 31, 2026, as per the provisions of the Banking Regulation Act, 1949 and pursuant to the circular issued by the Reserve Bank of India on Internal Vigilance in Private Sector/foreign Banks dated May 26, 2011, in place of Mr. Prasun Singh, since his tenure as CIV of the Bank ended on October 31, 2023.

The Bank places on record its sincere appreciation for the contribution made by Mr. Prasun Singh during his tenure as CIV.

A brief profile of Mr. Rane is attached herewith as Annexure-I.

You are requested to kindly take the above on your record.

Yours truly,

For HDFC Bank Limited

Santosh Haldankar

Company Secretary

Encl: a/a         

     

Annexure I - Brief Profile of Mr. Sachin Suryakant Rane

Mr. Sachin Suryakant Rane is an accomplished law enforcement professional with over three decades of experience in managing fraud and financial crimes investigations. Over the years, he has handled several security setups as well as matters involving criminal offences both at the national as well as international level.

He is a B.Com. from Mumbai University and a graduate of the Maharashtra Police Academy. In his last role before joining the Bank, he was the Senior Police Inspector and O.I.C. of Legal Cell, Airport Branch (Immigration).

After his joining the Bank as Deputy CIV on March 20, 2023, the Bank has ensured his proper acclimatization and awareness with the requirement and expectation of CIV's job profile to ensure his induction in the present role and for enabling a smooth transition.

Mr. Rane possesses the competencies, experience and qualities required for the Chief of Internal Vigilance of the Bank.

 

END