RBI Approves Appointing Atanu Chakraborty as Part-time Chairman of HDFC Bank

The Reserve Bank of India (RBI) has approved the appointment of former Economic Affairs Secretary, Atanu Chakraborty, as the part time chairman and additional independent director of the private sector lender HDFC Bank.
Chakraborty, a 1985 batch IAS officer of Gujarat cadre, has been appointed for a period of three years with effect from May 5, 2021 or the date of his taking charge, whichever is later.
He retired as Secretary of Department of Economic Affairs in April 2020.
Prior to that he served as Secretary of Department of Investment and Public Asset Management (DIPAM).

Note:

Once Mr. Chakraborty assumes charge, HDFC Bank will be the second private sector lender to have a former bureaucrat at the post.
ICICI Bank is the first private bank to be chaired by former bureaucrat G C Chaturvedi, who was Petroleum Secretary and Additional Secretary in the finance ministry .