HDFC Bank Ltd. said the Reserve Bank of India (RBI) approved the reappointment of Atanu Chakraborty as the lender’s part time chairman for three years.

The reappointment is effective from 5 May, the private lender said in a stock exchange announcement.

Following the RBI's clearance, HDFC Bank said its board approved the reappointment of Chakraborty as part time chairman and independent director.

Chakraborty served with the government for 35 years as a member of Indian Administrative Service (IAS) in Gujarat state cadre, according to the statement. He has mainly worked in areas of finance and economic policy, infrastructure, petroleum and natural gas, it said.

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