Former DEA Secretary Atanu Chakraborty more likely to be HDFC Bank chairman

Atanu Chakraborty, former Economic Affairs Secretary, is more likely to be the following chairman of HDFC Bank. According to sources near the event, the financial institution has written to the Reserve Bank of India (RBI) recommending the identify of Chakraborty.
Once accepted by RBI, Chakraborty — a 1985 batch IAS officer of the Gujarat Cadre — could take over because the part-time chairman of HDFC Bank in January. The tenure of its present part-time chairperson Shyamala Gopinath will finish on January 1.
While HDFC Bank declined to remark, Chakraborty, informed The Indian Express stated, “I do not wish to comment on this matter as it is a communication between two different entities, the bank and RBI. I would like to say that I have not thought about it and as of now there is no job on my mind.”
While Chakraborty retired because the Economic Affairs Secretary in April, the workplace memorandum of Department of Personnel and Training states that any Group A retired official is required to hunt the federal government’s approval if he takes a business employment inside one 12 months of retirement.

When requested about the identical he stated, “I haven’t thought about any job as of now but there are certain standard rules for civil servants and I would follow them.”
Earlier, on Monday, the financial institution knowledgeable the inventory exchanges that “the Board of Directors of HDFC Bank Ltd (“the Bank”) at its assembly held in the present day, has beneficial the appointment of the Part-Time Chairperson of the Bank and has submitted its suggestion to the Reserve Bank of India for approval below Section 35B of the Banking Regulation Act, 1949.”