HDFC Bank Limited reappoints Mr. Sanmoy Chakrabarti as Chief Risk Officer

The Board of Directors of HDFC Bank Limited, at its meeting held today, has approved the re-appointment of Mr. Sanmoy Chakrabarti as the Chief Risk Officer (CRO) of the Bank, for a further period of 5 (five) years, with effect from December 14, 2023 to December 13, 2028.

Mr Sanmoy Chakrabarti, as the Chief Risk Officer of the Bank, is responsible for determining the comprehensive risk appetite (covering Credit Risk, Market Risk, Operational Risk, Liquidity Risk, etc.) across various banking segments. Additionally, Mr Chakrabarti oversees the Enterprise Risk Management framework in the Bank and guides the formulations of policies and procedures for Internal Capital Adequacy Assessment Process, Stress Testing methodology, and Group Risk Management. He is also responsible for identifying and managing any emerging risk having material impact on Bank's activities.

Mr Chakrabarti is a member of the Indian Banks' Association (IBA) Standing Committee on Risk Management and Basel Implementation. Mr Chakrabarti holds M.S. in Quantitative Economics from Indian Statistical Institute.

Shares of HDFC Bank Limited was last trading in BSE at Rs. 1561.95 as compared to the previous close of Rs. 1578.80. The total number of shares traded during the day was 1176338 in over 36115 trades.

The stock hit an intraday high of Rs. 1576.95 and intraday low of 1557.70. The net turnover during the day was Rs. 1840140860.00.

Source : Equity Bulls

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HDFCBank INE040A01034 HDB Reappointment ChiefRiskOfficer