HDFC Bank announced that the Reserve Bank of India (RBI) has approved the reappointment of Mr. V. Srinivasa Rangan as a Whole-time Director, designated as Executive Director. This approval is for a period of one year, effective from November 23, 2026. Mr. Rangan is not related to any other director or key managerial personnel and is not debarred from holding a director’s office.
RBI Approves Leadership Continuity at HDFC Bank
HDFC Bank has received formal approval from the Reserve Bank of India (RBI) for the reappointment of Mr. V. Srinivasa Rangan. Mr. Rangan will continue to serve as a Whole-time Director, with his designation as Executive Director confirmed. This crucial regulatory approval ensures leadership stability within the bank’s executive team.
Details of Reappointment
The RBI’s decision, communicated on November 12, 2026, grants approval for Mr. Rangan’s reappointment for a term of one year. His new tenure is set to commence on November 23, 2026, at the existing remuneration structure. This re-appointment follows an application made by HDFC Bank to the RBI, seeking endorsement for the continued role of Mr. Rangan.
Governance and Compliance
The bank has further clarified that Mr. Rangan has no existing familial ties with any other Director or Key Managerial Personnel within HDFC Bank. Additionally, he is confirmed to be in good standing, with no disqualifications from holding a directorial position due to any orders from the Securities and Exchange Board of India (SEBI) or any other relevant authority.
Dissemination to Stakeholders
This intimation is provided in line with regulatory requirements for transparency and information dissemination to all stakeholders. The approval marks a significant step in maintaining the executive leadership structure of HDFC Bank.
Source: BSE
