Mr. Parag Rao, Group Head- Payments Business, Liability Products, Consumer Finance & Marketing at HDFC Bank, has superannuated from his services effective September 30, 2025. Mr. Rao held key leadership positions and played a vital role in establishing and leading the Payments Business vertical. His contributions were significant in the Bank’s growth, making it a market leader in the Payments Businesses, including Credit Cards.
Personnel Transition
Mr. Parag Rao, a key figure at HDFC Bank, has retired from his position as Group Head- Payments Business, Liability Products, Consumer Finance & Marketing. His superannuation took effect at the close of business hours on September 30, 2025. He consequently also ceased to be a Senior Management Personnel of the Bank.
Mr. Rao’s Contribution
Throughout his 23 years with HDFC Bank, Mr. Rao held responsible positions and contributed significantly to the bank’s success. He was instrumental in setting up and leading the Payments Business vertical, contributing to the Bank’s growth.
Under his leadership, HDFC Bank became a market leader in Payments Businesses. He also managed the Technology, Digital Banking, Marketing and Liabilities Product functions.
Acknowledgment
HDFC Bank expressed sincere gratitude to Mr. Parag Rao for his commitment, immense contribution, and outstanding leadership in achieving the Bank’s strategic objectives.
Source: BSE
