The AGM of the bank is scheduled for July 17, 2021 through video conferencing and other audio visual means.
Besides, the board approved revising the re-appointment of Umesh Chandra Sarangi as an independent director from March 1, 2021 till February 29, 2024.
Earlier, the board had okayed his tenure from March 2021 till February 5, 2022.
Also, the board sought to appoint M M Nissim & Co LLP, chartered accountant firm, as its first preferred firm to act as joint statutory auditors for three years till FY2023-24. This is subject to RBI approval.
MSKA & Associates is its statutory auditor at present.
As per RBI guidelines, banks with asset size of Rs 15,000 crore and more at the end of a previous year, need to appoint minimum two joint statutory auditors.
Stock of HDFC Bank closed at Rs 1,479.85 apiece on BSE, up 0.95 per cent from previous close.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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