Srinivasa Rangan to look after corporate affairs in HDFC Bank, subsidiaries

Role involves oversight of all group companies and other responsibilities

V Srinivasa Rangan, who was chief financial officer and executive director of erstwhile HDFC Ltd, will look after corporate affairs at HDFC Bank after being inducted on the board of India’s largest private sector lender, sources said.

The Reserve Bank of India, in the last week of November, approved Rangan’s appointment as a wholetime director for three years. The role involves oversight of all group companies and responsibilities for legal, secretarial, information and security, ethics, and culture.

HDFC Bank has at least 14 subsidiaries, compared to two before merging with HDFC Ltd on July 1, 2023. Ethics and culture are important to