NEW DELHI: The Reserve Bank of India (RBI) has confirmed the appointment of Atanu Chakraborty as the part-time chairman of HDFC Bank.

The privately-owned bank, on Friday, confirmed that former economic affairs secretary Atanu Chakraborty will be the part-time chairman of the bank for a period of three years, with effect from 5 May or the date of his taking charge, whichever is later. 

Once appointed as part-time chairman, HDFC Bank will become the second private sector lender to have a former bureaucrat at this post. ICICI Bank had previously appointed former petroleum secretary and additional secretary in the ministry of finance GC Chaturvedi as its chairman. 

A meeting of the board of directors of HDFC bank will be convened in due course inter‐alia to consider the appointment of Atanu Chakraborty as the part-time chairman and additional independent director, the bank said in a regulatory filing.

Chakraborty is a 1985 IAS officer in the Gujarat cadre. He retired from the post of secretary of the department of economic affairs in April 2020. Before that, he had worked as secretary of the department of investment and public asset management (DIPAM).