Stories

HDFC Bank Ltd | HDFC Bank reported a mixed performance for the June quarter, with net profit rising 5% year-on-year to ₹19,059 crore and net interest income (NII) increasing 6.7% to ₹33,534 crore, even as asset quality weakened marginally, provisions increased sequentially and net interest margins (NIMs) slipped to a record low of 3.26%. Loan and deposit growth remained strong at 15.4% and 14.7% year-on-year, respectively.
C
CNBC TV18•30-09-2026, 23:21
HDFC Bank Appoints V.N. Srivatsan as Chief Compliance Officer
  • •HDFC Bank has appointed V.N. Srivatsan as its new Chief Compliance Officer (CCO) for a three-year term, succeeding Rakesh Kumar Rajput.
  • •Srivatsan's appointment is effective from his joining date, proposed for January 4, 2027; Venkateswaran L will serve as interim CCO.
  • •Srivatsan brings 34 years of experience, including 25 years in BFSI and nearly 10 years in compliance and regulatory inspection.
  • •He currently serves as Head – Compliance: Overseas Banking and Subsidiaries & Data Privacy Officer at ICICI Bank.
  • •Sudhir Kumar Jha, Group Head – Legal & Group General Counsel, superannuated, with Jigar Shah taking over as General Counsel from October 1.

Key Questions Answered

HDFC Bank has appointed V.N. Srivatsan as its Chief Compliance Officer for a three-year term starting January 4, 2027, following the completion of Rakesh Kumar Rajput’s tenure.

Until V.N. Srivatsan joins on January 4, 2027, Venkateswaran L, the Compliance Head – Credit, Asset Product & Regulatory Reporting, is holding the responsibility of Chief Compliance Officer.

Jigar Shah, General Counsel – Designate, will take over as the General Counsel of HDFC Bank starting October 1, replacing Sudhir Kumar Jha who superannuated.