The Board of Directors of HDFC Bank Ltd at their meeting held on August 22, 2019, have appointed Mr. Srinivasan Vaidyanathan as the Chief Financial Officer (CFO) of the Bank, with immediate effect.
The incumbent CFO of the Bank, Mr. Sashidhar Jagdishan would continue to head the Finance function, and shoulder additional responsibilities as in charge of the verticals of Legal & Secretarial, Human Resources, Corporate Communications, Infrastructure, Administration, Corporate Social Responsibility and 'Change Agent of the Bank'. Mr. Vaidyanathan would continue to report to Mr. Jagdishan.
Mr. Vaidyanathan and Mr. Jagdishan would be 'Key Managerial Personnel' of the Bank pursuant to Companies Act, 2013 and the Regulations.
Mr. Vaidyanathan is a Fellow of the Institute of Chartered Accountants of India, Cost and Management Accountants of India and Licentiate of the Institute of Company Secretaries of India. He is also a Fellow of Association of International Accountants, United Kingdom and member of CMA, USA. He also holds an MBA degree.
He has worked across various geographies such as Singapore, Hong Kong and US and industry segments covering banks, with a rich and varied experience of three decades covering business partnerships, controllership, cost management, tax and treasury management.
Shares of HDFC Bank Ltd was last trading in BSE at Rs.2173.75 as compared to the previous close of Rs. 2226. The total number of shares traded during the day was 94266 in over 6623 trades.
The stock hit an intraday high of Rs. 2226 and intraday low of 2168. The net turnover during the day was Rs. 207267064.