HDFC Bank's Board of Directors approved the re-appointment of V Srinivasa Rangan as Whole-time Director (designated as Executive Director) for one year effective from November 23, 2026. According to the latest announcement made on November 13, 2026, the appointment is subject to approval of shareholders and existing remuneration structure. The decision follows necessary approvals from the Reserve Bank of India (RBI) and recommendations from the Governance, Nomination and Remuneration Committee.
Rangan currently serves as the Executive Director of the Bank and oversees multiple critical functions including Human Resources, Corporate Legal, Group Oversight & Secretarial, Investment Banking, Information Security Group, Ethics Function and Fraud & Vigilance functions. As reported by The Hindu BusinessLine, he previously held the position of Executive Director & Chief Financial Officer of HDFC Limited prior to its amalgamation with the bank effective from July 1, 2023. The 66-year-old executive holds a Bachelor's degree in Commerce and is an Associate of the Institute of Chartered Accountants of India (ICAI).
The bank has made clear that the appointment is subject to approval of the shareholders, as stated in the regulatory filing reported by The Hindu BusinessLine. The bank will seek necessary approval from its shareholders for the re-appointment of Mr. Rangan. According to the latest announcement, the remuneration for this period will be at the extant rates, subject to the approval of the Bank's shareholders. This standard procedure ensures proper governance and stakeholder representation in the decision-making process for key leadership appointments.
The re-appointment maintains continuity in leadership for India's largest private sector bank in critical operational areas including compliance, legal, and risk management functions. Mr. Rangan is not related to any other director and has not been debarred from holding a directorial position. He continues to be a Key Managerial Personnel of the Bank and is liable to retire by rotation. The bank has maintained his existing remuneration structure for this one-year term, with further details provided in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
