BackHDFC Bank seeks shareholders’ nod to appoint Gopinath as chairperson
The bank seeks shareholder approval through a 'postal ballot' to appoint Gopinath as 'part time non executive chairperson' through an ordinary resolution
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Mumbai: HDFC Bank Ltd, India’s second largest private sector bank by assets is seeking shareholder approval to appoint former Reserve Bank of India (RBI) deputy governor Shyamala Gopinath as non executive chairperson of the bank.
In a notice emailed to shareholders early on Saturday morning HDFC Bank said it is seeking shareholder approval through a ‘postal ballot’ to appoint Gopinath as “part time non executive chairperson" through an ordinary resolution and issuing long term bonds/debentures on a private placement basis as a special resolution.
Shareholder approval has been sort under direction of the board of directors after a meeting on 21 October, the bank said.
Mint has reviewed a copy of the e-mail notice to shareholders.
A HDFC Bank spokesman could not be immediately reached for comment.
HDFC Bank board is without a chairperson since former Indian Administrative Service (IAS) officer CM Vasudev retired as chairman on 26 August.
Shyamala Gopinath retired as RBI deputy governor in June 2011 after spending 39 years at the central bank where she rose through the ranks to become deputy governor in charge of financial markets, banking regulation and supervision and foreign exchange management among others.
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