HDFC Bank appoints Mr. Sanmoy Chakrabarti as Chief Risk Officer

The Board of Directors of HDFC Bank has today approved the appointment of Mr. Sanmoy Chakrabarti, Head-Risk Management, as the Chief Risk Officer (CRO) of the Bank, for a period of 3(three) years, with effect from December 14, 2020, in place of Mr. Jimmy Tata, as part of internal re-organization. Mr. Tata shall take on the new role of the Chief Credit Officer of the Bank.

Mr. Sanmoy Chakrabarti is the Head of Risk Management, as well as a senior official in the Bank's hierarchy. He has completed his Master's degree from the Indian Statistical Institute and has been with the Bank for the last decade in the Risk Management department. Previously, he has been incharge of Market Risk, Treasury Mid-Office, Operational Risk Management and Basel Credit risk functions of the Bank.

Shares of HDFC Bank Ltd was last trading in BSE at Rs.1369.8 as compared to the previous close of Rs. 1382.2. The total number of shares traded during the day was 324067 in over 9038 trades.

The stock hit an intraday high of Rs. 1387.85 and intraday low of 1367.75. The net turnover during the day was Rs. 445773444.

Source : Equity Bulls

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