HDFC Bank Dy MD Paresh Sukthankar steps down

New Delhi : Paresh Sukthankar on Friday resigned as Deputy Managing Director of HDFC Bank, the bank said without citing any reason.

Sukthankar has been with HDFC Bank since its inception in 1994 and at present is responsible for overseeing the bank’s credit, finance and human resources functions.

“We hereby inform you that Paresh Sukthankar has tendered his resignation as Deputy Managing Director of the bank, to be effective 90 days from the close of business hours of today,” HDFC Bank said in a regulatory filing.

His resignation comes almost nine months ahead of HDFC Bank initiating talent search for replacement for its Managing Director Aditya Puri.

The country’s second largest private sector bank said its board of directors places on record its appreciation for the contribution made by Sukthankar in his long association with the bank.

He was appointed to the post of deputy managing director of HDFC Bank in March 2017.

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