HDFC Bank appoints ICICI veteran Srivatsan as compliance chief

HDFC Bank has appointed V N Srivatsan as its Chief Compliance Officer for a three-year term starting 4 January 2027, the bank said in a regulatory filing. Srivatsan, currently Head of Compliance for Overseas Banking and Subsidiaries and Data Privacy Officer at ICICI Bank, has around 34 years of professional experience including nearly 10 years in compliance and regulatory inspection. The appointment was approved by the bank's board on 30 September 2026 based on recommendations from its Audit Committee and Governance, Nomination and Remuneration Committee, and complies with the Reserve Bank of India's (Commercial Banks – Compliance Function) Directions, 2026.

Srivatsan replaces Rakesh Kumar Rajput, whose three-year term as CCO ended on 30 September 2026. Until Srivatsan joins, Venkateswaran L, Compliance Head – Credit, Asset Product & Regulatory Reporting, will serve as interim CCO. Rajput will continue as a full-time employee of HDFC Bank, Business Today and Economic Times report.

Update, 2 October 2026: The Hindu Business Line now also reports the appointment with the same details: Srivatsan's current role at ICICI Bank, his expected joining on 4 January 2027, Rajput's tenure ending on 30 September 2026, and Venkateswaran L as interim CCO. No new facts or figures are added beyond what Livemint, Business Today, Economic Times and ABP Live had already reported.