HDFC Bank’s Board of Directors has approved the re-appointment of Mr. V. Srinivasa Rangan as a Whole-time Director, designated as Executive Director. This appointment is for a period of one year, effective from November 23, 2026, subject to shareholder approval. Mr. Rangan is not related to any other director and has not been debarred from holding a directorial position. His profile includes extensive experience in finance and housing sectors.
Board Approves Director Re-appointment
HDFC Bank announced today, November 13, 2026, that its Board of Directors has approved the re-appointment of Mr. V. Srinivasa Rangan as a Whole-time Director. He will continue to serve in his designated role as Executive Director of the Bank.
Appointment Details and Tenure
The re-appointment is for a term of one (1) year, commencing on November 23, 2026. The remuneration for this period will be at the extant rates, subject to the approval of the Bank’s shareholders. This decision follows the necessary approvals from the Reserve Bank of India (RBI) and recommendations from the Governance, Nomination and Remuneration Committee.
Director’s Background and Compliance
Mr. Rangan is not related to any other Director or Key Managerial Personnel of HDFC Bank. He is also confirmed not to be debarred from holding the office of a director by any SEBI order or other relevant authorities. His profile highlights a wealth of experience, including previous roles as Executive Director and Chief Financial Officer of HDFC Limited prior to its amalgamation with the Bank.
Shareholder Approval Pending
The Bank will seek the necessary approval from its shareholders for the re-appointment of Mr. Rangan. Further details as required by SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, are provided in Annexure I.
Annexure I Highlights
Annexure I confirms the re-appointment details, including the effective date of November 23, 2026, and the one-year term. It also notes that Mr. Rangan is liable to retire by rotation and continues to be a Key Managerial Personnel of the Bank. His relationships with other directors are disclosed as none, and he is not related to any other director or key personnel.
Annexure II – Profile of Mr. V. Srinivasa Rangan
Mr. V. Srinivasa Rangan, aged sixty-six (66) years, heads multiple key functions including Human Resources, Corporate Legal, Group Oversight & Secretarial, Investment Banking, and Information Security. He holds a Bachelor’s degree in Commerce and is an Associate of the Institute of Chartered Accountants of India (ICAI). Mr. Rangan has significant expertise in finance, accountancy, audit, economics, corporate governance, and strategic thinking, with a vast experience in the housing finance and real estate sectors. He has also been recognized with awards such as the “Best CFO in the Financial Sector for 2010” and a “Lifetime Achievement Award” in 2023. He serves on the Boards of Credila Financial Services Limited and HDFC Asset Management Company Limited, and is a member of several Bank committees, including the IT Strategy Committee and Stakeholders’ Relationship Committee.
Source: BSE
