HDFC Bank Limited informed that pursuant to the recommendations of the Nomination & Remuneration Committee, the Board of Directors of HDFC Bank Limited ("the Bank") at its meeting held on November 27, 2023, has
approved the appointment of Dr. Harsh Kumar Bhanwala as an Additional Independent Director of the Bank for a period of 3 (three) consecutive years from January 25, 2024 to January 24, 2027 (both days inclusive), not liable to retire by rotation, subject to the approval of the shareholders of the Bank. Dr. Bhanwala is not related to any other Director or Key Managerial Personnel of the Bank. Dr. Harsh Kumar Bhanwala was the Executive Chairman of Capital India Finance Limited, an NBFC. Prior to that, from 2013 to 2020, Dr. Bhanwala was the Chairman of the National Bank for Agriculture and Rural Development (NABARD), the Government of India's apex development bank, which oversees all aspects of agricultural credit as well as the supervision of regional rural banks and cooperative banks. Dr. Bhanwala began his career at NABARD and worked there for almost three decades. Prior to leading NABARD, he was the Chairman & Managing Director of the India Infrastructure Finance Company (IIFCL), Senior Vice President at IL&FS Water, and the Managing Director of the Delhi State Cooperative Bank. Dr. Bhanwala earned a B.Sc. in Dairy Technology from the National Dairy Research Institute - Karnal, an MBA from IIM Ahmedabad, and a PhD in Management from Maharshi Dayanand University.