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HDFC Bank’s Deputy Managing Director Paresh Sukthankar Resigns

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The resignation comes after the bank said in June it was seeking shareholders’ nod for re-appointing Paresh Sukthankar as deputy MD.

Reuters

Updated:August 10, 2018, 6:15 PM IST

The headquarters of India’s HDFC bank is pictured in Mumbai, India. REUTERS

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HDFC Bank on Friday said its Deputy Managing Director Paresh Sukthankar has resigned and will vacate his post in 90 days.

The resignation comes after the bank said in June it was seeking shareholders’ nod for re-appointing Sukthankar as deputy MD.

HDFC Bank did not name Sukthankar’s replacement.

Sukthankar was appointed deputy managing director in 2017 after spending nearly two decades with the lender.
Before joining HDFC, Sukthankar worked with Citibank for around nine years in several departments including corporate banking and risk management.

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| Edited by: Naqshib Nisar

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Source: News18

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