HDFC Bank reappoints Mrs. Renu Karnad as Non-Executive Director

The Board of Directors of HDFC Bank, at its meeting held today, has approved the re-appointment of Mrs. Renu Karnad (DIN: 00008064) as Non-Executive Director (Nominee of Housing Development Finance Corporation Limited, promoter of the Bank) on the Board of the Bank, for a period of five years with effect from September 3, 2022, subject to the approval of the shareholders at the ensuing Annual General Meeting.

Mrs. Renu Karnad is the Managing Director of Housing Development Finance Corporation Limited since 2010. She is a Post Graduate in Economics from the University of Delhi and holds a degree in Law from the University of Mumbai. She is also a Parvin Fellow‐Woodrow Wilson School of Public and International Affairs, Princeton University, USA. Mrs. Karnad brings with her rich experience and knowledge of the mortgage sector, having been associated with real estate and mortgage industry in India for over 40 years. Over the years, she has been the recipient of numerous awards and accolades, such as the 'Outstanding Woman Business Leader' award granted by CBNC‐TV18 India Business Leader Awards 2012, induction in the Hall of Fame, Fortune India magazine's most powerful women from 2011 to 2019, 'Top Ten Powerful Women to watch out for in Asia' by Wall Street Journal Asia in 2006, etc.

Mrs. Karnad is not debarred from holding office of director by virtue of any SEBI order or any other such authority. She is not related to any director of the Bank.

Shares of HDFC Bank Limited was last trading in BSE at Rs. 1464.85 as compared to the previous close of Rs. 1493.25. The total number of shares traded during the day was 286246 in over 12233 trades.

The stock hit an intraday high of Rs. 1501.95 and intraday low of 1462.35. The net turnover during the day was Rs. 422346685.00.

Source : Equity Bulls

Keywords

HDFCBank INE040A01034 HDB Reappointment RenuKarnad NonExecutiveDirector