Archive · 30 Sep 2026
HDFC Bank appoints V.N. Srivatsan as chief compliance officer
HDFC Bank has chosen V.N. Srivatsan to become its new compliance chief.
The compliance chief helps make sure the bank follows important rules.
Srivatsan will serve for three years.
He will take over after Rakesh Kumar Rajput finishes his term on September 30, 2026.
Until Srivatsan starts, Venkateswaran L will handle the job’s responsibilities.
Srivatsan currently works at ICICI Bank.
He has about 34 years of professional experience, including around 25 years in banking and related services.
HDFC Bank said the appointment follows rules issued by the Reserve Bank of India.
HDFC Bank appointed V.N. Srivatsan as Chief Compliance Officer for a three-year term.
Srivatsan will succeed Rakesh Kumar Rajput, whose three-year tenure ends on September 30, 2026.
Until Srivatsan joins, Venkateswaran L will oversee the Chief Compliance Officer responsibilities.
Srivatsan currently heads overseas banking and subsidiary compliance and serves as Data Privacy Officer at ICICI Bank.
The appointment follows the Reserve Bank of India’s Commercial Banks—Compliance Function Directions, 2026.
- Who
- HDFC Bank appointed V.N. Srivatsan as Chief Compliance Officer, succeeding Rakesh Kumar Rajput.
- What
- Srivatsan will lead HDFC Bank’s compliance function for a three-year term.
- When
- Rajput’s current term ends at the close of business on September 30, 2026; Srivatsan will join afterward.
- Where
- The appointment concerns HDFC Bank, while Srivatsan currently works at ICICI Bank.
- Why
- The bank is transitioning its compliance leadership after Rajput completes his three-year tenure.
- Appointee
- V.N. Srivatsan
- Position
- Chief Compliance Officer, HDFC Bank
- Term
- Three years
- Predecessor
- Rakesh Kumar Rajput
- Interim officer
- Venkateswaran L
- Current employer
- ICICI Bank
- Experience
- Approximately 34 years overall, including around 25 years in the BFSI sector
- Regulatory basis
- Reserve Bank of India (Commercial Banks—Compliance Function) Directions, 2026