HDFC Bank's board approves two names for MD&CEO, sends shortlist to RBI

•HDFC Bank's board approved two candidates for MD&CEO, sending their names to RBI for approval.

•The candidates' names and proposed remuneration for a three-year term were not disclosed.

•Incumbent MD&CEO Sashidhar Jagdishan will not seek reappointment after his term ends in October.

•The bank also approved appointments for executive director Jimmy Tata and reappointed V. Srinivasa Rangan as whole-time director.