The Board of Directors of HDFC Bank Ltd, at its meeting held today, has duly approved the re-appointment of Mr. Umesh Chandra Sarangi (DIN: 02040436) as an Independent Director on the Board of the Bank for the period commencing from March 1, 2021 till February 5, 2022, (both days inclusive), i.e. till he completes 70 years of age, as per the Banking Regulation Act, 1949, and relevant RBI circulars. His re-appointment shall be subject to the approval of the shareholders at the ensuing Annual General Meeting of the Bank.
Mr. Sarangi is not disqualified / debarred from being re-appointed to the office of director by virtue of any order of SEBI or any such other authority.
Shares of HDFC Bank Ltd was last trading in BSE at Rs.1402.65 as compared to the previous close of Rs. 1438.65. The total number of shares traded during the day was 521830 in over 22728 trades.
The stock hit an intraday high of Rs. 1464 and intraday low of 1397.25. The net turnover during the day was Rs. 746841729.