The Reserve Bank of India on Friday approved the reappointment of Atanu Chakraborty as part time chairman of HDFC Bank for a period of three years w.e.f. May 05, 2024 to May 04, 2027.
Chakraborty served the Government of India for 35 years as a member of the Indian Administrative Service (IAS) in the Gujarat cadre. His focus areas included finance and economic policy, infrastructure, and petroleum and natural gas.
In the Union Government, he held various positions, including Secretary to the Government of India in the Ministry of Finance-Department of Economic Affairs (DEA) during the fiscal year 2019-20. In this role, he coordinated economic policy-making for all ministries/departments and managed the entire process of formulating the Union budget, including its passage in Parliament.
He has also served as Secretary to the Union Government for Disinvestment (Department of Investment and Public Asset Management) wherein he was responsible for both policy as well as execution of the process of disinvestment of Government of India’s stake in state owned enterprises.
During the period 2002-07, he served as Director and subsequently as Joint Secretary, Ministry of Finance (Department of Expenditure).
During this period, he appraised projects in the Infrastructure sector as well as looked after subsidies of Government of India.
He had also updated and modernized the Government’s Financial and Procurement rules. Mr. Chakraborty has also discharged varied roles in the Gujarat State Government including heading the Finance Department as its Secretary.
Chakraborty has also served on the Board of World Bank as alternate Governor as well as on the Central Board of Directors of the Reserve Bank of India. He was also the Chairman of National Infrastructure Investment Fund (NIIF) as also on the Board of many listed companies. Mr. Chakraborty was the CEO/MD of the Gujarat State Petroleum Corporation Limited group of companies as well as Gujarat State Fertilizers and Chemicals Limited. Mr. Chakraborty had published articles in reputed journals in the areas of public finance, risk sharing in Infrastructure projects and gas infrastructure.
