HDFC Bank on Wednesday, December 27, said its board of directors has recommended to re-appoint Atanu Chakraborty as the lender’s part-time non-executive chairman and independent director. It will be Chakraborty’s second term for three years between May 5, 2024, to May 4, 2027.
“We wish to inform you that pursuant to the recommendation of the nomination and remuneration committee, the board of directors of the bank at its meeting held today, has recommended the re-appointment of Atanu Chakraborty as the part-time non-executive chairman and independent director of the bank to the Reserve Bank of India, for a second term of three years w.e.f. May 5, 2024, to May 4, 2027,” HDFC Bank said in a BSE filing.
About Atanu Chakraborty
Chakraborty graduated as a Bachelor in Engineering (Electronics & Communication) from NIT Kurukshetra. He holds a Diploma in Business Finance (ICFAI, Hyderabad) and a Master’s degree in Business Administration from the University of Hull, UK.
Atanu Chakraborty, who is currently the part-time non-executive chairman and independent director, has served the Government of India, for 35 years, as a member of the Indian Administrative Service (IAS) in Gujarat cadre.
He has mainly worked in areas of Finance & Economic Policy, Infrastructure, Petroleum & Natural Gas. In the Union Government, he held various posts such as Secretary to Government of India in the Ministry of Finance- Department of Economic Affairs (DEA) during FY 2019-20.
As Secretary (DEA), he co-ordinated economic policy making for all ministries/ departments and managed entire process of formulation of budget making for Union of India, including its passage in Parliament. He was responsible for fiscal management policies, policies for public debt
management and development & management of financial markets. Mr. Chakraborty also handled financial stability and currency, domestic & foreign related issues as well.
He managed flow of funds with multilateral and bilateral financial institutions and had multiple interfaces with them. He also headed a multi-disciplinary task force that produced the National Infrastructure Pipeline (NIP). He has also served as Secretary to the Union Government for Disinvestment (Department of Investment and Public Asset Management) wherein he was responsible for both policy as well as execution of the process of disinvestment of Government of India’s stake in state-owned enterprises.
During the period 2002-07, Chakraborty served as Director and subsequently as Joint Secretary, Ministry of Finance (Department of Expenditure). During this period, he appraised projects in the Infrastructure sector as well as looked after subsidies of the Government of India.
He had also updated and modernized the Government’s Financial & Procurement rules. Chakraborty has also discharged varied roles in the Gujarat State Government including heading the Finance Department as its Secretary. He had been responsible for piloting the private sector investment legislation in the State. In the state government, he has worked on the ground in both public governance and development areas. Chakraborty has also served on
the Board of World Bank as alternate Governor as well as on the Central Board of Directors of the Reserve Bank of India.
He was also the Chairman of the National Infrastructure Investment Fund (NIIF) as also on the Board of many listed companies. Chakraborty was the CEO/MD
of the Gujarat State Petroleum Corporation Limited group of companies as well as Gujarat State Fertilizers and Chemicals Limited. Chakraborty had published articles in reputed journals in the areas of public finance, risk sharing in Infrastructure projects and gas infrastructure.
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