BSECompany Update30 Sept 2026 · 30 Sept 2026, 06:29 pm
Disclosure under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements) Regulations, 2015
HDFC Bank Ltd · 500180
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HDFC Bank Ltd has announced the appointment of Mr. V. N. Srivatsan as the Chief Compliance Officer, replacing Mr. Rakesh Kumar Rajput, whose tenure ended on September 30, 2026.
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Full Announcement
HDFC Bank Ltd - 500180 - Announcement under Regulation 30 (LODR)-Change in Management
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CIN: L65920MH1994PLC080618 HDFC Bank Limited,
Email: shareholder.grievances@hdfc.bank.in HDFC House,
Website: www.hdfc.bank.in H.T. Parekh Marg 165-166,
Backbay Reclamation, Churchgate,
Mumbai- 400020
Tel.:022-66316000
Ref. No. SE/2026-27/114
September 30, 2026
BSE Limited National Stock Exchange of India Limited
Dept of Corporate Services The Listing Department
Phiroze Jeejeebhoy Towers, Exchange Plaza
Dalal Street, Fort, Bandra Kurla Complex,
Mumbai 400 001 Mumbai 400 051
Scrip code: 500180 Scrip code: HDFCBANK
Dear Sir/Madam,
Sub: Disclosure under Regulation 30 read with Clause 7 of Paragraph A of Part A of
Schedule III of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 (“SEBI Listing Regulations”)
We refer to our intimation dated September 29, 2023 with regard to the appointment of Mr. Rakesh
Kumar Rajput as the Chief Compliance Officer of the Bank, as per the provisions of the Banking
Regulation Act, 1949, for a period of 3 (three) years, ending September 30, 2026. Accordingly,
Mr. Rajput has completed his tenure as the Chief Compliance Officer of the Bank from the close
of business hours on September 30, 2026.
We wish to inform you that based on the recommendations of the Audit Committee and the
Governance, Nomination and Remuneration Committee, the Board of Directors of the Bank at its
meeting held today i.e. on September 30, 2026, has approved the appointment of Mr. V. N.
Srivatsan as the Chief Compliance Officer of the Bank, as per the provisions of the Reserve Bank
of India (Commercial Banks- Compliance Function) Directions, 2026, for a period of 3 (three)
years, with effect from his date of joining. He is proposed to join on January 4, 2027. During the
intervening period, Mr. Venkateswaran L, currently Compliance Head - Credit, Asset Product &
Regulatory Reporting, shall hold the responsibility as the Chief Compliance Officer.
The details as required in terms of disclosure under Regulation 30 read with Clause 7 of Paragraph
A of Part A of Schedule III to the SEBI Listing Regulations read with SEBI Master Circular no.
HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 are enclosed herewith as
Annexure I.
Regd. Office: HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai – 400 013
The Board Meeting at which the above decision was taken, commenced at 10:00 a.m. and
concluded at 3:00 p.m.
This is for your information and appropriate dissemination.
Thank you.
Yours faithfully,
For HDFC Bank Limited
Ajay Agarwal
Company Secretary
Group Head – Secretarial & Group Oversight
Copy to:
1. New York Stock Exchange 2. Singapore Exchange Securities Trading Limited
11, Wall Street, New York 2 Shenton Way 068804
NY 10005, USA # 02-00 SGX Centre 1 Singapore
Annexure I
Sr. Particulars Description Description
1. Reason for Change viz. Appointment of Mr. V.N. Srivatsan Mr. Rakesh Kumar Rajput was
appointment, re-appointment, as the Chief Compliance Officer of appointed as the Chief Compliance
resignation, removal, death or the Bank. Officer of the Bank for a period of 3
otherwise (three) years with effect from October
1, 2023 till September 30, 2026.
2. Date of appointment/ Mr. V.N. Srivatsan is appointed as Mr. Rakesh Kumar Rajput has ceased
reappointment/ cessation (as the Chief Compliance Officer of the to be the Chief Compliance Officer of
applicable) & term of Bank with effect from his date of the Bank from the close of business
appointment/re-appointment joining. He is proposed to join on hours on September 30, 2026.
January 4, 2027.
He will continue to be a full-time
He will be a full-time employee of employee of the Bank.
the Bank.
Term: 3 (three) years from the date
of joining.
3. Brief profile (in case of Mr. V. N. Srivatsan has Mr. Rakesh Kumar Rajput has been
appointment) approximately 34 years of overall serving as the Bank’s Chief
professional experience, including Compliance Officer since October 1,
around 25 years in the BFSI sector 2023, and his term concluded from the
and close to 10 years of direct close of business hours on September
experience in Compliance and 30, 2026.
Regulatory Inspection. He currently
serves as Head – Compliance: Mr. Rajput holds a B.Sc. (Honours)
Overseas Banking and Subsidiaries degree, is a Certified Associate of the
& Data Privacy Officer at ICICI Indian Institute of Bankers, and has an
Bank Limited. Advanced Diploma in Business
Management.
He holds a Post Graduate degree in
Business Administration from PSG
College of Technology and a
Bachelor of Technology (B. Tech)
from Sri Venkateshwara University.
He has previously led Retail
Banking Compliance and
Regulatory Inspection for more than
8 years. His responsibilities have
included oversight of regulatory
compliance, handling regulatory
inspections, designing and
implementing compliance
frameworks and policies, and
working closely with senior
management, the Audit Committee,
the Board and regulators.
Mr. V. N. Srivatsan’s experience is
strongly aligned with the
requirements of the Chief
Compliance Officer role.
4. Disclosure of relationships Not applicable Not applicable
between directors (in case of
appointment of a director)