Harsh Kumar Bhanwala

HDFC Bank on Monday said the board of the bank has approved the appointment of former NABARD chairman Harsh Kumar Bhanwala as an additional independent director. The board in its meeting on Monday also approved the appointment of V Srinivasa Rangan, chief financial officer of erstwhile Housing Development Finance Corporation Ltd, as executive director for three years with effect from November 23, 2023, HDFC Bank said in a regulatory filing. Both appointments are subject to shareholders' approval, it said. Bhanwala has been appointed for a period of three consecutive years from January 25, 2024 to January 24, 2027, it said. Currently, Non-Executive Chairman of MCX, Bhanwala also serves as the Director on the boards of IIM Rohtak and Bayer Crop Science Ltd. Prior to leading National Bank for Agriculture and Rural Development (NABARD), he was the chairman and managing director of the India Infrastructure Finance Company (IIFCL), as per the filing. Rangan has vast experience in housi

Bhanwala was in December 2013 appointed as the chairman of the National Bank for Agriculture and Rural Development

The National Bank for Agriculture and Rural Development (Nabard) will propose setting up of an agriculture market infrastructure fund, to ensure better return on farmer's produce due to improved storage. HARSH KUMAR BHANWALA, chairman and managing director, on the agitation by farmers and policy responses, to Dilasha Seth. Edited excerpts:Your assessment of the farm sector crisis?There is indeed a distress. This is on account of realisation of farm produce in the absence of any marketing infrastructure. Only three or four states have an elaborate infrastructure for procurement -- Haryana, Punjab, Western Uttar Pradesh, Madhya Pradesh and, to some extent, in Maharashtra and Gujarat. Other states do not have it. E-market reforms in agriculture need to be expedited. They (the scheme in this regard) have covered a little more than 500 mandis (wholesale markets) out of 3,000 of these, (run by) Agricultural Produce Market Committees (APMCs). You would require elaborate infra for storage, ..