HDFC Bank’s Rajinder Babbar Appointed ED and Chief Business Officer at Bandhan Bank

The Board of Directors of Bandhan Bank Limited, at its meeting held on March 7, 2024, approved the appointment of Rajinder Kumar Babbar as Whole-time Director (Additional Director) of the Bank, designated as Executive Director and Chief Business Officer (‘ED & CBO’), with effect from March 8, 2024, for a period of three years. Mr. Babbar has also been appointed as Key Managerial Personnel of the Bank.

Rajinder Kumar Babbar, aged 56, has over 35 years of experience across the banking sector in various leadership roles. He is an accomplished senior leader with vast experience across multiple spheres of banking. He has a proven track record of creating new businesses and propelling existing ones, consistently delivering growth multiples in AUM, market share, and profitability.

During his tenure spanning more than 23 years with HDFC Bank, he has handled various leadership assignments and successfully led large teams across Transportation and Infrastructure Finance, Rural Banking and Retail Liabilities. He is currently the Group Head, Transportation, Infrastructure and Tractor Finance Group at HDFC Bank. Prior to this, he was responsible for building and managing the Rural Banking Group for the HDFC Bank, covering farmer finance, MSME loans to intermediaries, related retail assets, and third-party products. Under his leadership, the rural businesses witnessed robust growth, making it one of the best rural franchises in the industry for any bank or financial institution in terms of size and profitability.
Prior to joining HDFC Bank Ltd., he worked with Centurion Bank, the Bank of Punjab, and the Central Bank of India, handling various roles and responsibilities.

He holds a Bachelor in Science, an LLB, and an LLM in Corporate Law and Criminal Law and is currently pursuing a PhD from NMIMS, Mumbai. He has also completed a leadership development programme from IIM Ahmedabad.