HDFC Bank's Deputy Managing Director Paresh Sukthankar resigns, to step down in November

HDFC Financial institution’s Deputy Managing Director Paresh Sukthankar has tendered his resignation, the lender informed the markets on Friday.

“Pursuant to Regulation 30 of the SEBI (Itemizing Obligations & Disclosure Necessities) Laws, 2015, we hereby inform you that Mr. Paresh Sukthankar has tendered his resignation as Deputy Managing Director of the Financial institution, to be efficient 90 days from the shut of enterprise hours of right now,” the financial institution stated in a regulatory submitting.

A file picture of Paresh Sukthankar. Moneycontrol

Based on The Economic Times, Sukhtankar was seen as a successor to Managing Director Aditya Puri, who can be stepping down in October 2020.

Sukthankar, who beforehand served because the financial institution’s govt director, was appointed as deputy managing director in March 2017.

Sukthankar has been with HDFC Financial institution since its inception in 1994. Previous to becoming a member of HDFC Financial institution, Sukthankar labored in Citibank for round 9 years, in varied departments together with company banking, threat administration, monetary management and credit score administration, the lender stated on its website.

Sukthankar has been a member of assorted committees shaped by the Reserve Financial institution of India (RBI) and the Indian Banks’ Affiliation.

Sukthankar has accomplished the Superior Administration Program (AMP) from the Harvard Enterprise Faculty. Earlier, he earned a Masters in Administration Research (MMS) from Jamnalal Bajaj Institute (Mumbai).

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