Latest News | HDFC Bank Non-executive Director Srikanth Nadhamuni Resigns
Get latest articles and stories on Latest News at LatestLY. HDFC Bank on Friday said Srikanth Nadhamuni has resigned as a director from its board, citing potential future interests.
New Delhi, Feb 18 (PTI) HDFC Bank on Friday said Srikanth Nadhamuni has resigned as a director from its board, citing potential future interests.
Nadhamuni has tendered his resignation as non-executive (non-independent) director of HDFC Bank vide his resignation letter dated February 18, 2022, effective Friday, HDFC Bank said in a regulatory filing.
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The bank said Nadhamuni has cited potential future transactions/arrangements which may materialise between the bank and a company in which he may be interested.
"I have disclosed this interest to the bank in terms of the relevant laws and the same has been noted by the board.
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"In the spirit of highest corporate governance principles of the bank, I would like to step down as director of the bank in order to preclude any instances of potential conflict of interest which may arise on account of such transactions/arrangements as regards my directorship with the bank," Nadhamuni said in his resignation letter.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)