Keki Mistry ceases to be director of HDFC Bank
Facebook Twitter google+ RSS Feed

Keki Mistry ceases to be director of HDFC Bank

Wednesday, 30 March 2011, 17:51 Hrs
Printer Print Email Email
Mumbai: HDFC Bank today said Keki Mistry has ceased to be a director on its board as he has completed his 8-year tenure.

"Mistry has completed his 8-year tenure at the close of business hours on March 26, 2011 and as a consequence has ceased to be a director of the bank," HDFC Bank informed the Bombay Stock Exchange.

In terms of the provisions of section 10A(2A)(i) of Banking Regulation Act, 1949, no director of a banking Company, other than its Chairman or whole-time Director, by whatever name called, shall hold office continuously for a period exceeding eight years, the bank said.

Mistry is vice chairman and Chief Executive Officer of HDFC Ltd which is the promoter of HDFC Bank, with around 23.6 per cent stake.
Source: PTI
Experts on SiliconIndia
Santhosh  K
Sr. Soft. Engg.
Oracle India
Nehal Vyas
Sr. Team Lead
Cyberoam Tech.
Rani Malli
Sr. Director
Philips
Sr. Executive
ISB
Vijay Balkrishna Konduskar
Business Consultant
Imans Web Tech
Dr L P  Sharma
Technical Director
NIC
Reena Khanna
Founder
Solitaireworld
Dellas  Asse
sys-network admin
Computer Station
Write your comment now
Submit Reset
SPOTLIGHT