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

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