HDFC Bank to decide on CEO Jagdishan’s third term only after key report

The board’s three-member nomination and renumeration committee, headed by Harsh Kumar Bhanwala, the former chairman of the National Bank for Agriculture and Rural Development (Nabard), will meet only after the consolidated report’s submission, which has been delayed beyond the original internal timelines, said the people. While no specific deadline was announced, the report was to be submitted “within a reasonable period of time”.