Mumbai, June 19, 2025 – In an unexpected announcement, Vinay Razdan has resigned from his post as Chief Human Resource Officer (CHRO) of HDFC Bank, India’s largest private sector lender, effective June 18, 2025. Razdan has led the human resources strategy of the bank for almost seven years, and his resignation has ignited speculation around his achievements, career trajectory, and what his departure leaves for the future of HDFC Bank. Here’s a closer look at who Vinay Razdan is, what he did during his time at HDFC Bank, and what his resignation means for the financial behemoth.
Who is Vinay Razdan?
Vinay Razdan is a highly experienced HR professional with more than three decades of experience in human resources, organizational development, as well as talent management. Prior to HDFC Bank (2018), Vinay had leadership positions in leading organizations as Chief People Officer at Manipal Global Education Services, and President, Human Resources at Idea Cellular. Mr. Razdan’s professional focus has been in the areas of employee engagement, leadership development as well as strategic HR transformations making him a highly regarded corporate professional in India.
While at HDFC Bank, Vinay was instrumental in driving the workforce strategy and HR operations for a workforce of more than 200,000 employees. His focus was on digital transformation of HR processes, creating “people” processes for diversity and inclusion, and improving the employee experience while working in a rapidly changing banking sector. His leadership in delivering HDFC Bank’s ambitious human capital integration plans and growth strategy, supported HDFC Bank in being consistent top employer in India.Vinay Razdan resigns: What we know
Vinay Razdan resigns: What we know
HDFC Bank announced Razdan’s resignation in a regulatory filing, stating that he will step down from his role as CHRO effective at the close of business hours on June 18, 2025. The bank did not mention any specific reason for Razdan’s departure, which only paved the way for speculation about the reasons for his exit, particularly given recent changes in top management and Bharatiya Janata Party’s (BJP) ongoing investigation into the bank’s corporate governance issues.
Posts on X, formerly Twitter, are mixed, with some users commending Razdan’s role as CHRO, while others are questioning the legitimacy of Razdan’s resignation given ongoing rumors about internal turmoil at HDFC Bank. However, there does not appear to be confirmation that Razdan’s exit is in any way connected to, or anticipated controversy/ governance issues.
Razdan’s resignation is the most recent in what appears to be a series of high-profile exits from HDFC Bank, which raises questions about whether their is a purposeful plan in recent leadership successions at one of India’s largest banks still. Analysts hypertrophic the possibilities of Razdan’s resignation could be a personal matter or potentially one pointing to his next professional challenge given Razdan’s sovereign industry experience and reputation in the human resource (HR) space.
What HDFC Bank means
As India’s largest private bank valued at over ₹14.8 lakh crore ($177 billion), HDFC Bank has a critical reliance on its human capital in order to drive innovation and enhance customer experience. Razdan’s exit from the bank has left a major void in HDFC Bank’s leadership team at a time when the bank is facing challenges from digital disruption, regulations, and increased competition from fintech companies. While HDFC Bank has not named a successor, stakeholders are closely watching to see how HDFC Bank will fill this important role in order to sustain its momentum with respect to HR.
While Razdan was at HDFC Bank, the bank won several awards for employee-centric policies and strong talent development initiatives. Some of Razdan’s accomplishments while at HDFC were enhancing the recruitment process, nurturing a culture of continuous learning, and utilizing HR analytics and data. In the months ahead, there will be many watching to see if the bank can sustain this momentum.