Archive · 12 Sep 2026
HDFC Bank Appoints 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 after earlier working at Strategic Consultants and Apple Industries.
He has more than 35 years of experience in banking and financial services.
He previously served as HDFC Bank’s Chief Risk Officer.
The bank also approved another year for Executive Director V Srinivasa Rangan.
HDFC Bank is adding a Whole-time Director position and has 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 Reserve Bank of India approval 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 from November 23, 2026, to November 22, 2027.
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 Reserve Bank of India approval.
- When
- The appointment was announced on Saturday; Rangan’s reappointment is scheduled from November 23, 2026, to November 22, 2027.
- Where
- The decisions were disclosed by HDFC Bank in an exchange filing.
- Why
- The additional director position is intended to improve synergy and oversight, including across subsidiaries, and strengthen succession planning.
- Current role
- Jimmy Tata is HDFC Bank’s Chief Credit Officer.
- Proposed appointment
- Whole-time Director and Executive Director for three years.
- Regulatory condition
- The appointment and remuneration require approval from the Reserve Bank of India.
- Professional experience
- Tata has more than 35 years of banking and financial-services experience.
- HDFC Bank career
- He joined HDFC Bank in 1994 as a Corporate Banking Relationship Manager and later headed the department.
- Earlier leadership role
- Tata became HDFC Bank’s Chief Risk Officer in June 2013.
- Board expansion and CEO search
- The bank plans to have four Whole-time Directors, apart from the Managing Director and CEO, and has submitted two undisclosed CEO candidates to the RBI.
