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HDFC Bank Names Jimmy Tata Executive Director Pending RBI Approval
HDFC Bank has chosen Jimmy Tata to become an Executive Director for three years.
He currently works as the bank’s Chief Credit Officer.
The appointment still needs approval from the Reserve Bank of India.
Tata joined HDFC Bank in 1994 and has worked in banking for more than 35 years.
He previously served as the bank’s Chief Risk Officer.
The bank also approved another year for Executive Director V Srinivasa Rangan.
HDFC Bank is adding one more Whole-time Director position to improve oversight and succession planning.
The bank has also sent the RBI two unnamed candidates for its next Managing Director and CEO.
HDFC Bank appointed Chief Credit Officer Jimmy Tata as a Whole-time Director, designated Executive Director, for three years.
Tata’s appointment and remuneration will take effect after approval from the Reserve Bank of India or on another date specified by the central bank.
Tata joined HDFC Bank in 1994 and has more than 35 years of banking and financial-services experience.
The bank approved V Srinivasa Rangan’s reappointment as Executive Director for one year beginning November 23, 2026.
HDFC Bank created an additional Whole-time Director position and submitted two undisclosed MD and CEO candidates to the RBI.
- Who
- HDFC Bank, Jimmy Tata, V Srinivasa Rangan, and the Reserve Bank of India are involved.
- What
- Jimmy Tata was appointed Whole-time Director and Executive Director for three years, subject to RBI approval.
- Where
- The decisions were disclosed by HDFC Bank in an exchange filing.
- When
- The announcement was made on Saturday; Rangan’s reappointment is scheduled for November 23, 2026, to November 22, 2027.
- Why
- The additional director position is intended to improve synergy and oversight, including across subsidiaries, and strengthen succession planning.
Key facts
- Appointee
- Jimmy Tata, currently HDFC Bank’s Chief Credit Officer
- Proposed term
- Three years as Whole-time Director and Executive Director
- Regulatory condition
- Approval from the Reserve Bank of India is required
- Experience
- More than 35 years in banking and financial services
- HDFC Bank service
- Joined in 1994 as a Corporate Banking Relationship Manager
- Additional director position
- The bank plans to increase Whole-time Directors to four, apart from the Managing Director and CEO
- CEO search
- Two undisclosed Managing Director and CEO candidates were submitted to the RBI
Sources
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