People: HDFC Bank Ltd (HDB)

HDB on New York Consolidated

39.81USD
24 Apr 2014
Price Change (% chg)

$-0.18 (-0.45%)
Prev Close
$39.99
Open
$40.10
Day's High
$40.23
Day's Low
$39.67
Volume
1,111,764
Avg. Vol
1,230,300
52-wk High
$43.81
52-wk Low
$26.62

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Summary

Name Age Since Current Position

Chander Vasudev

70 2010 Non-Executive Independent Chairman of the Board

Sanjay Dongre

Executive Vice President - Legal, Compliance Officer, Company Secretary

Aditya Puri

Managing Director, Non-Independent Executive Director

Paresh Sukthankar

2013 Deputy Managing Director, Executive Director

Kaizad Bharucha

2013 Member - Senior Management, Executive Director

Abhay Aima

Member - Senior Management

Rahul Bhagat

Member - Senior Management

V. Chakrapani

2013 Member - Senior Management

Sashi Jagdishan

Member - Senior Management

Anil Jaggia

Member - Senior Management

Anil Nath

2013 Member - Senior Management

Ashish Parthasarthy

Member - Senior Management

Navin Puri

Member - Senior Management

Rajender Sehgal

54 2011 Member - Senior Management

Jimmy Tata

Member - Senior Management

Bhavesh Zaveri

2007 Member - Senior Management

Renu Karnad

61 2011 Non-Executive Non-Independent Director

Keki Mistry

58 2012 Non-Executive Non-Independent Director

Partho Datta

2010 Non-Executive Independent Director

Vijay Merchant

2013 Non-Executive Independent Director

Pandit Palande

2007 Non-Executive Independent Director

Bobby Parikh

43 2011 Non-Executive Independent Director

Anami Roy

61 2011 Non-Executive Independent Director

Biographies

Name Description

Chander Vasudev

Mr. Chander Mohan Vasudev is Non-Executive Independent Chairman of the Board of HDFC Bank Ltd. He holds a Master’s Degree in Economics and Physics. Mr. Vasudev joined the Indian Administrative Services in 1966. Mr. Vasudev has worked as an Executive Director of World Bank representing India, Bangladesh, Sri Lanka and Bhutan. Mr. Vasudev has experience of working at policy making levels in the financial sector and was responsible for laying down policies and oversight of management at World Bank. Mr. Vasudev chaired the World Bank’s Committee on development effectiveness with responsibility of ensuring effectiveness of World Bank’s operations and has also worked as a consultant to the World Bank and UNDP on various development policy issues. Mr. Vasudev has also worked as Secretary, Ministry of Finance for more than 8 years and has undertaken various assignments, viz. Secretary, Department of Economic Affairs, Department of Expenditure, Department of Banking and Additional Secretary, Budget with responsibility for framing the fiscal policies and policies for economic reforms and for co-ordinating preparation of budgets of the Government of India and monitoring its implementation. Mr. Vasudev was also the Principal Secretary, Finance of the Government of Uttar Pradesh. Mr. Vasudev has previously been appointed as a Government nominee Director on the Board of Directors of many companies in the financial sector including State Bank of India, IDBI, ICICI, IDFC, NABARD, National Housing Bank and also on the Central Board of the Reserve Bank of India. Mr. Vasudev was also a member secretary of the Narasimham Committee on financial sector reforms and chaired a Committee on reforms of the NBFC sector. Mr. Vasudev has worked as Joint Secretary of Ministry of Commerce with responsibility for state trading, trade policy including interface with WTO. Mr. Vasudev is Director on the boards of ICRA Management Consulting Services Limited, Star Paper Mills Limited, Power Exchange India Limited.

Sanjay Dongre

Aditya Puri

Mr. Aditya Puri is Managing Director, Non-Independent Executive Director of HDFC Bank Limited. He holds a Bachelor’s degree in Commerce from Punjab University and is an Associate member of the Institute of Chartered Accountants of India. Prior to joining the Bank, Mr. Puri was the Chief Executive Officer of Citibank, Malaysia from 1992 to 1994. Mr. Puri has been the Managing Director of the Bank since September 1994. Mr. Puri has nearly 39 years of experience in the banking sector in India and abroad. During his tenure Mr. Puri has led the Bank through two mergers in the Indian banking industry i.e merger of Times Bank Limited and Centurion Bank of Punjab Limited with HDFC Bank Limited. The subsequent integrations have been smooth and seamless under his inspired leadership.

Paresh Sukthankar

Mr. Paresh D. Sukthankar is Deputy Managing Director, Executive Director of HDFC Bank Ltd. Mr. Sukthankar has done his Masters in Management Studies (MMS) from Jamnalal Bajaj Institute (Mumbai) and the Advanced Management Program (AMP) from the Harvard Business School. Mr. Sukthankar has been with the Bank since its inception in 1994. Mr. Sukthankar has direct or supervisory responsibilities for the Bank’s Credit and Risk Management, Finance and Human Resources functions and for various strategic initiatives of the Bank. Prior to joining the Bank, Mr. Sukthankar worked in Citibank for around 9 years, in various departments including corporate banking, risk management, financial control and credit administration. Mr. Sukthankar has been a member of various committees formed by Reserve Bank of India and Indian Banks’ Association.

Kaizad Bharucha

Mr. Kaizad Bharucha is Member - Senior Management, Executive Director of HDFC Bank Ltd. He has a Bachelor of Commerce degree from the University of Mumbai. He has been a career banker with two decades of banking experience and is Head of Wholesale Credit and Market Risk Policy of the Bank. He was previously with SBI Commercial and International Bank Ltd. as Group Head of Credits.

Abhay Aima

Mr. Abhay Aima is Member - Senior Management of HDFC Bank Limited. He is a graduate of the National Defence Academy. Mr. Aima is the Bank’s Head of Equities, Private Banking and Third Party Products. He is in charge of NRI and International Consumer Banking.

Rahul Bhagat

Mr. Rahul N. Bhagat is Member - Senior Management of HDFC Bank Limited. He holds a Bachelor of Arts in History (Hons) from St. Stephen’s College, Delhi University and a Masters degree in International Affairs from the College of William & Mary, Virginia, USA. He has 18 years of experience in consumer banking, having worked with ANZ Grindlays Bank and Bank of America prior to joining the Bank in 1999. Mr. Bhagat heads the Retail Liabilities, Marketing, High Net-Worth and Direct Channels businesses in the Bank..

V. Chakrapani

Sashi Jagdishan

Mr. Sashi Jagdishan is Member - Senior Management of HDFC Bank Limited. He holds a Bachelor of Science degree in Physics from the University of Mumbai and a Masters in Economics of Money, Banking and Finance from the University of Sheffield, UK. He is a Chartered Accountant of the Institute of Chartered Accountants of India. He has been with the Bank since 1996.

Anil Jaggia

Anil Nath

Ashish Parthasarthy

Mr. Ashish Parthasarthy is Member - Senior Management of HDFC Bank Limited. He holds a Bachelor of Engineering degree from the Karnataka Regional Engineering College and has a Post-Graduate Diploma in Management from the Indian Institute of Management, Bangalore. He has 18 years of experience in the interest rate and currency markets.

Navin Puri

Mr. Navin Puri is Member - Senior Management of HDFC Bank Limited. He holds a Bachelor of Commerce degree from Calcutta University and is a member of the Institute of Chartered Accountants of India. He has received a Masters of Business Administration degree from the Texas University, U.S.A. Mr. Puri has 18 years of banking experience. He has been with the Bank since February 1999. He currently heads the Retail Branch Banking business, and is also the Business Head for Retail Current Accounts of the Bank.

Rajender Sehgal

Mr. Rajender Sehgal is Member - Senior Management of HDFC Bank Limited. He is a gold medalist in Bachelor of Science from Punjab University. He holds a Masters of Business Administration degree from FMS Delhi University and is a Certified Associate of the Indian Institute of Bankers. Mr. Sehgal had a tenure of 20 years with the State Bank of India in capacities, including an assignment with their New York USA branch.

Jimmy Tata

Mr. Jimmy M. Tata is Member - Senior Management of HDFC Bank Ltd. He holds a Masters of Financial Management degree from the University of Mumbai and is a qualified Chartered Financial Analyst from the Institute of Chartered Financial Analysts of India, Hyderabad. He has 20 years of work experience and he has been with the Bank since 1994.

Bhavesh Zaveri

Mr. Bhavesh Zaveri is Member - Senior Management of HDFC Bank Limited. He holds a Masters degree in Commerce from the University of Mumbai and is a Certified Associate of the Indian Institute of Bankers. Mr. Zaveri has been with the Bank since 1998, and he is Head of Wholesale Banking Operations and also Head of Cash Management Products. Mr. Zaveri is a member of committees and forums of the IBA and of the RBI, including a director of the Board of the National Payment Corporation of India Ltd.

Renu Karnad

Mrs. Renu Sud Karnad is Non-Executive Non-Independent Director of HDFC Bank Limited. Mrs. Karnad is a law graduate and also holds a Master’s Degree in Economics from Delhi University. Mrs. Karnad is a Parvin Fellow-Woodrow Wilson School of International Affairs, Princeton University, U.S.A. Mrs. Karnad is a Director on the Board of Directors of BOSCH Limited, Credit Information Bureau (India) Limited, GRUH Finance Limited, Housing Development Finance Corporation Limited, HDFC Asset Management Company Limited, HDFC ERGO General Insurance Company Limited, HDFC Standard Life Insurance Company Limited, HDFC Property Ventures Limited, AKZO Nobel India Limited, Credila Financial Services Private Limited, Indraprastha Medical Corporation Limited, EIH Limited, HDFC Education and Development Services Private Limited, Feedback Infrastructure Services Private Limited, G4S Corporate Services (India) Private Limited, Value and Budget Housing Corporation (India) Private Limited and Lafarge India Private Limited. Mrs. Karnad is also a Director of H T Parekh Foundation, HDFC PLC, Maldives, WNS Global Services Private Limited. Mrs. Karnad is the Chairperson of the Audit Committee of AKZO Nobel India Private Limited, Credit Information Bureau (India) Limited and BOSCH Limited. Mrs. Karnad is a member of the Audit Committee of HDFC ERGO General Insurance Company Limited and member of Investor Grievance Committee of BOSCH Limited. Mrs. Karnad is the Chairperson of the Remuneration Committee of AKZO Nobel India Limited as well as the Chairperson of Compensation Committee of HDFC Standard Life Insurance Company Limited. Mrs. Karnad is also a member of the Investment Committee, Compensation Committee, Compensation-ESOS Committee, Committee of Directors of GRUH Finance Limited; Customer Service Committee and Risk Management Committee of HDFC Asset Management Company Limited; Remuneration Committee of Credit Information Bureau (India) Limited; Investment Sub Committee.

Keki Mistry

Mr. Keki Minoo Mistry is Non-Executive Non-Independent Director of HDFC Bank Limited since January 19, 2012. He has obtained a Bachelor’s Degree in Commerce from the Mumbai University. Mr. Mistry is a qualified Chartered Accountant and a Fellow Member of the Institute of Chartered Accountants of India. Mr. Mistry started his career with The Indian Hotels Company Limited, one of the chain of hotels in India. In the year 1981, Mr. Mistry joined Housing Development Finance Corporation Limited (HDFC). Mr. Mistry was inducted on to the Board of Directors of HDFC as an Executive Director in the year 1993 and was elevated to the post of Managing Director in November 2000. In October 2007, Mr. Mistry was appointed as Vice Chairman & Managing Director of HDFC and became the Vice Chairman & CEO in January 2010. Mr. Mistry is a Director on the Board of Directors of HDFC, HDFC Asset Management Company Limited, HDFC Standard Life Insurance Company Limited, HDFC ERGO General Insurance Company Limited, GRUH Finance Limited,Infrastructure Leasing & Financial Services Limited, Sun Pharmaceutical Industries Limited, The Great Eastern Shipping Company Limited, Greatship (India) Limited, Next Gen Publishing Limited, Shrenuj & Company Limited,Torrent Power Limited, HCL Technologies Limited and BSE Limited. Mr. Mistry is also member on the India Advisory Board at PriceWaterhouse Coopers and Director of Griha Investments, Mauritius, India Value Fund Advisors Private Limited and the H T Parekh Foundation. Mr. Mistry is the Chairman of the Audit Committee of the Great Eastern Shipping Company Limited, Sun Pharmaceuticals Industries Limited, Greatship (India) Limited, and Torrent Power Limited. Mr. Mistry is a member of the Audit Committee of HDFC Standard Life Insurance Company Limited, HDFC ERGO General Insurance Company Limited, HDFC Asset Management Company Limited, GRUH Finance Limited, Infrastructure Leasing & Financial Services Limited and Shrenuj & Company Limited.

Partho Datta

Mr. Partho S. Datta is Non-Executive Independent Director of HDFC Bank Ltd. Mr. Datta is an associate member of the Institute of Chartered Accountants of India. Mr. Datta joined Indian Aluminum Company Limited (INDAL) and was with INDAL and its parent company in Canada for 25 years and held positions as Treasurer, Chief Financial Officer and Director Finance during his tenure. Thereafter, Mr. Datta joined the Chennai based Murugappa Group as the head of Group Finance and was a member of the Management Board of the Group, as well as Director in several Murugappa Group companies. Post retirement from the Murugappa Group, Mr. Datta was an advisor to the Central Government appointed Board of Directors of Satyam Computers Services Limited during the restoration process and has also been engaged in providing business / strategic and financial consultancy on a selective basis. Mr. Datta is a Director of Peerless Funds Management Company Limited, IRIS Business Services Limited and Endurance Technologies Private Limited. Mr. Datta is the Chairman of the Audit Committee and member of the Risk Management Committee, Investment Committee and Remuneration Committee of Peerless Funds Management Company Limited. Mr. Datta is also the Chairman of the Audit Committee and a member of the Investor Grievance Committee of Endurance Technologies Private Limited. Mr. Datta is a member of the Audit Committee and the Board Committee of IRIS Business Services Limited. Mr. Datta has experience in various financial and accounting matters including financial management. Mr. Datta is one of the financial experts on the Audit & Compliance Committee of the Board.

Vijay Merchant

Mr. Vijay Merchant has been appointed as Non-Executive Independent Director of HDFC Bank Ltd., effective March 14, 2013. Mr. Merchant is a Commerce graduate and has done Post Graduate studies in Business Management from IIM, Ahmedabad where he was awarded a merit scholarship in 1966. Mr. Merchant majored in Finance & Marketing from IIM, Ahmedabad. After initial training with the Mafatlal Group Central Finance Division, Mr. Merchant headed a consumer products agency house, serving FMCG companies in South India for a decade. Subsequently Mr. Merchant has owned and managed Dynam Plastics, a SSI plastic unit manufacturing industrial products for local and export markets. Over the last 30 years Mr. Merchant has worked on several national bodies of both the plastics industry and packaging industry on critical issues of development of the SSI sector. Besides, for over a decade Mr. Merchant has been actively involved in environmental issues of the plastic and packaging industries on global forums. As a professional with a passion for environment protection Mr. Merchant has been one of the founders of the India Center for Plastics in Environment since 1999 and a live link between society, the government and the plastics industry, initiating projects and programmes and also sharing these with Asian neighbours and associations in western countries. Since 2007 Mr. Merchant has been on the Board of HDFC Asset Management Company Limited and is a member of the Risk Management, Customer Service and Share Allotment Committees of the said company.

Pandit Palande

Dr. Pandit Palande is Non-Executive Independent Director of HDFC Bank Limited. Dr. Palande has a Ph.D. degree in Business Administration and has completed an Advanced Course in Management from the Oxford University and the Warwick University in UK. Dr. Palande has been working as a Director of School of Commerce and Management for 20 years in Yashwantrao Chavan Maharashtra Open University (“YCMOU”). Dr. Palande is a former Pro-Vice Chancellor of YCMOU. Dr. Palande has experience of working in the fields of business administration, management and agriculture. Under the guidance of Dr. Palande, YCMOU has become one of the green universities in India.

Bobby Parikh

Mr. Bobby K. Parikh is Non-Executive Independent Director of HDFC Bank Ltd. He has a Bachelor’s degree in Commerce from the Mumbai University and has qualified as a Chartered Accountant in 1987. Mr. Parikh is a Senior Partner with BMR & Associates LLP and leads its financial services practice. Prior to joining BMR & Associates LLP, Mr. Parikh was the Chief Executive Officer of Ernst & Young in India and held that responsibility until December 2003. Mr. Parikh worked with Arthur Andersen for over 17 years and was its Country Managing Partner, until the Andersen practice combined with that of Ernst & Young in June 2002. advising clients across a range of industries. An area of focus for Mr. Parikh has been to work with businesses, both Indian and multinational, in interpreting the implications of the deregulation as well as the changes to India’s policy framework, to help businesses better leverage opportunities that have become available and to address challenges that resulted from such changes. Mr. Parikh has led teams that have advised clients in the areas of entry strategy (MNCs into India and Indian companies into overseas markets), business model identification, structuring a business presence, mergers, acquisitions and other business reorganizations. Mr. Parikh works closely with regulators and policy formulators, in providing inputs to aid in the development of new regulations and policies, and in assessing the implications and efficacy of these and providing feedback for action. Mr. Parikh led the Financial Services industry practice at Arthur Andersen and then also at Ernst & Young, and has advised a number of banking groups, investment banks, brokerage houses, fund managers and other financial services intermediaries in establishing operations in India, mergers and acquisitions and in developing structured financial products, besides providing tax and business advisory and tax reporting services.

Anami Roy

Mr. Anami N. Roy is Non-Executive Independent Director of HDFC Bank Ltd. Mr. Roy is an M.A., M. Phil and is a distinguished retired civil servant. During his long career of 38 years in the Indian Police Service (IPS), Mr. Roy held with great distinction a range of assignments, including some of the most prestigious, challenging and sensitive ones, both in the state of Maharashtra and Government of India, including Commissioner of Police, Mumbai and DGP, Maharashtra before retiring in the year 2010. Mr. Roy's areas of specialisation include policy planning, budget, recruitment, training and other finance and administration functions in addition to all operational matters. Mr. Roy also held the position of Director General of the Anti-Corruption Bureau, in which capacity Mr. Roy initiated a policy document on vigilance matters for Government of Maharashtra. Mr. Roy has wide knowledge and experience of security and intelligence matters at the state and national level. Having handled multifarious field and staff assignments, Mr. Roy has experience of functioning of the government at various levels and of problem solving. Mr. Roy is a Director on the Board of India Ventures Advisors, Glaxo SmithKline Pharmaceuticals Limited, Planet Retail Holdings Limited, East Coast Energy Private Limited, Mayar Infrastructure Development Private Limited and The Skills Academy Private Limited. Mr. Roy is a member of the Senior Executives Compensation Committee of Glaxo Smithkline Pharmaceuticals Limited. Mr. Roy is the Chairman of Vandana Foundation, a non-profit company registered under section 25 of the Companies Act, 1956.
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