Mrs. Renu Karnad was re-appointed as an additional Director during the year. She is a Law graduate and also holds a Master's Degree in Economics from Delhi University. She is a Parvin Fellow - Woodrow Wilson School of International Affairs, Princeton University, U.S.A.

Mrs. Karnad is on the Board of Housing Development Finance Corporation Limited, HDFC Property Ventures Limited, AKZO Nobel India Limited, HDFC Asset Management Company Limited, GRUH Finance Limited, Credit Information Bureau (India) Limited, HDFC ERGO General Insurance Company Limited, Indraprastha Medical Corporation Limited, HDFC Standard Life Insurance Company Limited, Sparsh BPO Services Limited, G4S Corporate Services (India) Private Limited, Bosch Limited, Feedback Ventures Private Limited, Value And Budget Housing Corporation (India) Pvt. Ltd., HDFC Sales Private Limited, Credila Financial Services Private Limited, Transunion LLC, Chicago and HDFC Plc., Maldives.

Mrs. Karnad is Chairperson of the Audit Committee of AKZO Nobel India Ltd., Credit Information Bureau (India) Limited and Bosch Limited a member of the Audit Committee of HDFC ERGO General Insurance Company Limited. She is the Chairperson of the Remuneration Committee of AKZO Nobel India Limited as well as the Chairperson of the Compensation Committee of HDFC Standard Life Insurance Company Ltd. She is also a member of the Investment Committee, Compensation Committee, Compensation-ESOS Committee, Committee of Directors of GRUH Finance Limited; Customer Service Committee and Risk Management Committee of HDFC Asset Management Company Limited; Remuneration Committee of Sparsh BPO Services Limited and Credit Information Bureau (India) Limited and Investor Grievance Committee, Investment Sub-Committee and Property Sub-Committee of Bosch Limited.

Mrs. Karnad holds 58,924 equity shares in the Bank as on March 31, 2011.

Mr. Bobby Parikh was appointed as an additional Director during the year. He holds a Bachelor's degree in Commerce from the Mumbai University and qualified as a Chartered Accountant in 1987. Mr. Parikh is a Senior Partner with BMR & Associates and leads its Financial Services practice. Prior to joining BMR, he was the Chief Executive Officer of Ernst & Young in India and held that responsibility until December 2003. Mr. Parikh worked with Arthur Andersen for over 17 years and was its Country Managing Partner until the Andersen practice combined with that of Ernst & Young in June 2002.

Over the years, Mr. Parikh has had extensive experience in advising clients across a range of industries. India has witnessed significant deregulation and a progressive transformation of its policy framework. An area of focus for Mr. Parikh has been to work with businesses, both Indian and multinational, in interpreting the implications of the deregulation as well as the changes to India's policy framework, to help businesses better leverage opportunities that have become available and to address challenges that resulted from such changes. Mr. Parikh has led teams that have advised clients in the areas of entry strategy (MNCs into India and Indian companies into overseas markets), business model identification, structuring a business presence, mergers, acquisitions and other business reorganizations. Mr. Parikh works closely with regulators and policy formulators in providing inputs to aid in the development of new regulations and policies and in assessing the implications and efficacy of these and providing feedback for action. Mr. Parikh led the Financial Services industry practice at Andersen and then also at Ernst & Young and has advised a number of banking groups, investment banks, brokerage houses, fund managers and other financial services intermediaries in establishing operations in India, mergers and acquisitions and in developing structured financial products, besides providing tax and business advisory and tax reporting services.

Mr. Parikh has been a member of a number of trade and business associations and their management or other Committees, as well as on the advisory or executive boards of non-Governmental and not-for-profit organizations.

He is a Director of BMR Advisors Pvt. Ltd., Taxand Advisors Pvt. Ltd., BMR Managed Services Pvt. Ltd., BMR Advisors Pvt. Ltd., Aviva Life Insurance Company India Limited, Green Infra Ltd. and Indostar Capital Finance Limited. He is the Chairman of the Audit Committee and a Member of Investment Committee of Aviva Life Insurance Company India Ltd.

Mr. Parikh holds 1,748 equity shares in the Bank as on March 31, 2011.

Mr. Anami N Roy was appointed as an additional Director during the year. He is an M.A., M.Phil. and is a distinguished retired civil servant. During his long career of 38 years in the prestigious Indian Police Service ("IPS"), he held with great distinction a range of assignments including some of the most prestigious, challenging and sensitive ones, both in the state of Maharashtra and Government of India. He retired in the year 2010 as the Director General of Police (DGP), Maharashtra

His areas of specialisation include policy planning, budget, recruitment, training and other finance and administration functions in addition to all operational matters.

A firm believer in technology in Police for providing solutions to a variety of complex problems or citizen facilitation and as 'force-multiplier', Mr. Roy brought in technology in a very big way in Police with full co-operation and support of the entire IT Industry. He also held the position of Director General of the Anti-Corruption Bureau, in which capacity he initiated a policy document on vigilance matters for Government of Maharashtra.

Mr. Roy has wide knowledge and experience of Security and Intelligence matters at the state and national level. Having handled multifarious field and staff assignments, Mr. Roy has a rich and extensive experience of functioning of the government at various levels and of problem solving.

Mr. Roy has also completed many training courses on very important areas of Public Administration in some prestigious institutions in India and abroad.

Mr. Roy is a Director on the Board of India Ventures, a Private Equity Fund for the Healthcare sector. Other than this, he is neither a Chairman nor a Director on the Board of Directors of any other company.

Mr. Roy does not hold equity shares in the Bank as on March 31, 2011.

Mr. Harish Engineer is an Executive Director in the wholetime employment of the Bank. He is a Science Graduate from Mumbai University and holds a Diploma in Business Management from Hazarimal Somani College, Mumbai. Mr. Engineer has been associated with the Bank since 1994 in various capacities and is responsible for Wholesale Banking at present. Mr. Engineer has over 40 years experience in the fields of finance and banking. Prior to joining the Bank, Mr. Engineer worked with Bank of America for 26 years in various areas including operations and corporate credit management.