Srikanth Nadhamuni resigns from HDFC Bank

Mr. Srikanth Nadhamuni (DIN: 02551389) has tendered his resignation as Non-Executive (Non-Independent) Director of HDFC Bank Limited ('the Bank') vide his resignation letter dated February 18, 2022, effective today, citing potential future transactions / arrangements which may materialize between the Bank and a company in which Mr. Nadhamuni may be interested. Mr. Nadhamuni's resignation letter has been duly noted by the Board of Directors at its meeting held today. This is in line with the highest corporate governance principles of the Bank.

The Board places on record its appreciation to the contribution made by Mr. Nadhamuni during his tenure with the Bank.

Shares of HDFC Bank Limited was last trading in BSE at Rs. 1512.65 as compared to the previous close of Rs. 1506.30. The total number of shares traded during the day was 139914 in over 7311 trades.

The stock hit an intraday high of Rs. 1517.25 and intraday low of 1491.00. The net turnover during the day was Rs. 210899136.00.

Source : Equity Bulls

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HDFCBank INE040A01034 HDB Resignation SrikanthNadhamuni