Srikanth Nadhamuni steps down from HDFC Bank; Stock trades higher

21 Feb 2022 , 12:32 PM

In its regulatory filing, HDFC Bank Ltd. informed the exchanges that its Non-Executive (Non-Independent) Director, Mr. Srikanth Nadhamuni has resigned from his position citing potential future transactions/ arrangements which may materialize between the Bank and a company in which Mr. Nadhamuni may be interested.

His resignation was effective from February 18, 2022. Srikanth has resigned to adhere to the corporate governance principles of the Bank.

Srikanth has been appointed with the bank since September 2016, with an exceptional portfolio of work.

HDFC Bank Ltd is currently trading at Rs1,525.35 up by Rs12.7 or 0.84% from its previous closing of Rs1,512.65 on the BSE.

The scrip opened at Rs1,502 and has touched a high and low of Rs1,528.40 and Rs1,495.55 respectively.