Lily Vadera

Banker

Indian Kolkata, West Bengal, India

Quick Info

ProfessionBanker
NationalityIndian
BirthplaceKolkata, West Bengal, India

Latest News about Lily Vadera

17/10/2026

HDFC Bank's board approved the reappointment of Lily Vadera as an Independent Director for a further three years, from 26/11/2026 to 25/11/2029, following a recommendation from the Governance, Nomination and Remuneration Committee. The reappointment remains subject to shareholder approval, which the bank said would be sought shortly. The bank also confirmed she is not related to any other director or key managerial personnel and is not debarred from holding a directorship.

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Bio/Wiki

Known ForReappointment as an Independent Director on the board of HDFC Bank for a fresh three-year term running from 26/11/2026 to 25/11/2029, pending shareholder approval
Overview
  • Former Reserve Bank of India (RBI) official with more than 35 years in central banking
  • Retired from the RBI as an Executive Director in October 2020
  • Independent Director on the board of HDFC Bank since 2021
  • Holds a M.A. in International Relations and is not related to any other HDFC Bank director or key managerial personnel

Physical Stats & More

Eye ColourLight Brown
Hair ColourSalt and Pepper

Educational Qualification(s)

DegreeMaster of Arts in International Relations

Personal Life

ReligionHinduism

Relationships & More

Marital StatusMarried

Career

Reserve Bank of India
  • Started professional career in 1987 after completing studies
  • Built a career spanning more than 35 years in central banking
  • Represented the RBI at international financial forums, including the Policy Development Group of the Basel Committee on Banking Supervision and the Financial Stability Board
  • Represented the RBI in G20 subgroups on financing for small and medium-sized businesses and green financing
  • Served on the Insolvency Law Committee set up by the Ministry of Corporate Affairs
  • Retired as an Executive Director in October 2020 while heading the Department of Regulation, which handles rules for banks and non-banking financial companies
Cyril Amarchand MangaldasJoined in June 2021 as a Senior Regulatory Advisor at this law firm in Mumbai
HDFC Bank
  • Appointed as an Additional Independent Director for a proposed five-year term on 26/11/2021
  • Shareholders approved the appointment as an Independent Director for 26/11/2021 to 25/11/2026 on 27/03/2022
  • Has served on the board without holding shares in the bank
  • As of October 2026, serves as a member of the Audit Committee and the Stakeholders' Relationship Committee
  • On 17/10/2026, the board approved her reappointment as an Independent Director for three years, from 26/11/2026 to 25/11/2029, pending shareholder approval as of 21/10/2026

Some Lesser Known Facts

1. Her RBI career included representing India at the Basel Committee and the Financial Stability Board, and in G20 subgroups.
2. She served on the Insolvency Law Committee set up by the Ministry of Corporate Affairs.
3. Her HDFC Bank reappointment was announced at the same time as Deputy Managing Director Kaizad Bharucha's request to leave the bank at the end of December 2026, subject to regulatory approval.
4. She has held no shares in HDFC Bank since joining its board.
Information on this page is collected from public sources and may not be 100% accurate. Report an error
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