V. Srinivasa Rangan Appointed Executive Director of HDFC Bank
The Reserve Bank of India has approved the appointment of V. Srinivasa Rangan as Executive Director for a term of 3 years, with effect from November 23, 2023.
Rangan is an Associate of the Institute of Chartered Accountants of India (ICAI) and has vast experience in the housing finance and real estate sectors. Rangan was the Executive Director and Chief Financial Officer (CFO) of the erstwhile Housing Development Finance Corporation Limited. He is an expert in finance, accounting, auditing, economics, corporate governance, legal and regulatory compliance, risk management, and strategic thinking. He has worked on international consulting assignments in housing finance in Ghana and the Maldives. He has been a member of various committees related to financial services, such as the RBI’s Committee on Asset Securitisation and Mortgage Backed Securitisation, Technical Group formed by the National Housing Bank (NHB) for the setting up of a secondary mortgage market institution in India, the NHB’s Working Group on Covered Bonds, and the NHB’s Working Group on Credit Enhancement Mechanism. He was named the “Best CFO in the Financial Sector for 2010” by ICAI. He was also honoured with the “Lifetime Achievement Award” at the sixth edition of the Financial Express CFO Awards 2023.