In a move that’s left the corporate corridors buzzing, Vinay Razdan, the Chief Human Resource Officer of HDFC Bank, has officially resigned after nearly seven years at the helm. His sudden exit, effective June 18, came without a whisper of explanation—sparking questions, theories, and a ripple of intrigue across India’s financial sector.
The resignation was confirmed in a BSE filing that kept things strictly by the book. “Mr. Vinay Razdan has tendered his resignation as CHRO, and the Bank has accepted it with effect from the close of business hours today,” the statement read. And just like that, the man behind one of India’s largest banking workforces bowed out.
But who exactly is Vinay Razdan—and why does his departure matter?
The Man Behind the HR Machine
If you’ve ever wondered who keeps a 2-lakh-strong organization running like a well-oiled machine, Razdan was that guy. Since September 2018, he’s been steering the people strategy at India’s largest private sector lender, navigating everything from mergers to morale boosts in a fast-changing banking landscape.
His resume reads like a blueprint of corporate India’s HR evolution. Before joining HDFC Bank, Razdan held the top HR post at Idea Cellular, where he spent over 12 years guiding the telecom giant through waves of digital and organizational shifts. Prior to that, he sharpened his HR instincts at HCL Technologies and even ITC Ltd, where he kicked off his career way back in 1988.
With a degree from Delhi University and a master’s in Personnel Management & Industrial Relations from XLRI Jamshedpur, Razdan brought both academic firepower and practical savvy to every role he took on.
Quiet Exit, Loud Questions
What’s raising eyebrows now isn’t just that Razdan left—it’s how quietly it happened.
Back in April 2025, reports had already started swirling about his possible exit. At the time, HDFC Bank was quick to shoot them down. But now, the resignation is official—and still shrouded in mystery.
Is this just part of the natural churn in high-stress C-suite roles? Or could it be tied to deeper shifts within the bank’s culture and leadership structure?
After all, private sector banks have been seeing sky-high attrition lately. With talent wars heating up and employee expectations evolving post-pandemic, even the biggest names are struggling to keep leadership teams stable. Razdan’s exit might just be another sign of the times—or the start of something bigger.
What It Means for HDFC Bank
Let’s not forget: HDFC Bank employs over 2.1 lakh people as of December 2024, up from 2.08 lakh the year before. That’s a massive workforce to manage, motivate, and mold. Whoever steps into Razdan’s shoes has big ones to fill—and a long to-do list.
From digital transformation and upskilling to wellness programs and succession planning, HR leadership has never been more complex. And in a world where employee experience is now a key business metric, losing a seasoned hand like Razdan is no small deal.
One Door Closes… What’s Next?
For now, Razdan has kept mum about his next move. Will he take on a global CHRO role? Launch his own consultancy? Or take a sabbatical to reset before jumping back in?
Whatever the case, his departure marks the end of an era at HDFC Bank. As the search begins for his successor, the HR world—and the banking sector—will be watching closely.
After all, in today’s corporate game, people power is business power. And the person pulling the strings behind the scenes? That’s the real MVP.
