Shares Of HDFC Bank Fell 1.6 Percent Intraday After The Private Sector

Shares of HDFC Bank fell 1.6 percent intraday after the private sector lender announced management restructuring.

The country's largest private sector lender by market capitalisation informed exchanges that its board of directors, on August 22, appointed Srinivasan Vaidyanathan as the Chief Financial Officer with immediate effect.

The incumbent CFO of the bank, Sashidhar Jagdishan would continue to head the Finance function, and shoulder additional responsibilities as in charge of the verticals of Legal & Secretarial, Human Resources, Corporate Communications, Infrastructure, Administration, Corporate Social Responsibility and 'Change Agent of the Bank', it said.

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