Nature of change: Appointment of an additional independent director
Name and DIN: Arvind Subramanian (DIN: 02551935)
Effective date and tenure: Appointed for a period of four years with effect from September 23, 2026 up to September 22, 2030 (both days inclusive). The appointment is subject to approval of shareholders. In terms of Section 149(13) of the Companies Act, 2013, he shall not be liable to retire by rotation during his tenure as an independent director.
Brief profile: Arvind Subramanian, age 53 years, has over three decades of experience across strategy consulting, operating leadership, and enterprise growth. His career spans business services, technology, industrials, consumer, and real estate. He currently serves as Executive Vice President and Managing Director at Iron Mountain India Pvt. Ltd., where he leads the company's India business and has global responsibility for Enterprise Strategy and Incubation. He spent nearly fifteen years with Boston Consulting Group, spanning corporate strategy, digital transformation, growth agendas, organization design, and large-scale change across multiple industries. As Managing Director & Partner, he led the Technology, Media & Telecommunications practice in India. He was also Managing Director & CEO of Mahindra Lifespace Developers Limited, a listed company within the Mahindra Group.
Qualifications: B. Tech degree in Electrical & Electronics Engineering from the Indian Institute of Technology, Madras and a Post Graduate Diploma in Management from the Indian Institute of Management, Ahmedabad.
Confirmation of eligibility: Arvind Subramanian is not debarred from holding the office of director by virtue of any order of SEBI or any other statutory authority.
Relationship with other directors: Arvind Subramanian is not related to any of the Directors or Key Managerial Personnel of the Bank.
