Chairman, HDFC Bank

Mr. C M Vasudev, a retired IAS officer has had an illustrious career in the civil services and has held several key positions in India and overseas. He has served as Secretary, Ministry of Finance for more than 8 years and has undertaken various assignments, viz., Secretary, Department of Economic Affairs, Department of Expenditure, Department of Banking and Additional Secretary, Budget with responsibility for framing the fiscal policies and policies for economic reforms and for co-ordinating preparation of budgets of the Government of India and monitoring its implementation. He has also served as Joint Secretary of Ministry of Commerce with responsibility for state trading, trade policy including interface with WTO.

He has extensive experience of working at policy making levels in the financial sector and was responsible for laying down policies and oversight of management.

Mr. Vasudev has worked as an Executive Director of World Bank representing India, Bangladesh, Sri Lanka and Bhutan. He has chaired the World Bank’s Committee on development effectiveness with responsibility of ensuring effectiveness of World Bank’s operations.

He has also been nominated as a Government Nominee Director on the Boards of many companies in the financial sector including State Bank of India, IDBI, ICICI, IDFC, NABARD, National Housing Bank and also on the Central Board of the Reserve Bank of India. He has been a member secretary of the Narasimham Committee on financial sector reforms and has chaired a Committee on reforms of the NBFC Sector.

Mr. C M Vasudev holds a Master’s Degree in Economics and Physics.