HDFC Bank Re-appoints V. Srinivasa Rangan as Executive Director

Key Event Details

HDFC Bank Limited's Board of Directors, at its meeting held on November 13, 2026, approved the re-appointment of Mr. V. Srinivasa Rangan (DIN: 00030248) as a Whole-time Director, designated as Executive Director. This approval was based on the prior recommendation of the Governance, Nomination and Remuneration Committee and was contingent upon the approval of the Reserve Bank of India (RBI), which had already been received.

Term and Effective Date

The re-appointment is for a period of one (1) year, effective from November 23, 2026.

Remuneration and Conditions

Mr. Rangan will serve at his extant remuneration, as previously approved by the RBI. The re-appointment is subject to the subsequent approval of the shareholders of the Bank, which will be sought.

Director Details and Relationships

Mr. Rangan is sixty-six (66) years old. He is not related to any other Director or Key Managerial Personnel of the Bank. He is not debarred from holding the office of director by virtue of any SEBI order or any other authority. He continues to be classified as a Key Managerial Personnel (KMP) of the Bank and is liable to retire by rotation.

Roles and Responsibilities

Mr. Rangan heads the following functions of the Bank: Human Resources, Corporate Legal, Group Oversight & Secretarial, Investment Banking, Information Security Group, Ethics Function, and Fraud & Vigilance. He is also a member of the Bank's IT Strategy Committee, Stakeholders' Relationship Committee, Premises Committee, and the Committee for Resolution of NCLT Matters.

Background and Qualifications

Mr. Rangan holds a Bachelor's degree in Commerce from the University of Delhi and is an Associate of the Institute of Chartered Accountants of India (ICAI). Prior to the amalgamation of HDFC Limited with HDFC Bank effective July 1, 2023, he was the Executive Director & Chief Financial Officer of HDFC Limited. His expertise spans finance, accountancy, audit, economics, corporate governance, legal & regulatory compliance, risk management, and strategic thinking, with vast experience in the housing finance and real estate sector. He has worked on international housing finance consulting assignments in Ghana and Maldives and has been a member of various RBI and National Housing Bank (NHB) committees. He was conferred "Best CFO in the Financial Sector for 2010" by ICAI and a "Lifetime Achievement Award" at the Financial Express CFO Awards 2023.

Other Directorships

Mr. Rangan is a Director on the Boards of Credila Financial Services Limited and HDFC Asset Management Company Limited.