Lakshminarayanan will spearhead the bank's technology transformation as group head of IT. Credit: HDFC Bank HDFC Bank has appointed Ramesh Lakshminarayanan as its new CIO. He will be serving as group head of IT, spearheading the company’s technology transformation. In addition to defining HDFC’s technology strategy, Lakshminarayanan has been tasked with strengthening the company’s foundational technology, enhancing its digital capabilities and harnessing the latest in artificial intelligence and machine learning. In his previous role, Lakshminarayanan served as chief technology and information officer at Credit Rating Information Services of India Ltd. (CRISIL). A veteran technology leader in the BFSI space, he has worked at banking majors such as Citibank India, ABN AMRO Bank, Citigroup and Kotak Mahindra Bank. In his six-year stint at Citigroup, he played the role of a CISO and was responsible for the technology infrastructure for Citibank and its affiliates in India, Bangladesh and Sri Lanka. His 25-year experience not only includes large banking firms, but startups as well: Lakshminarayanan was the director and co-founder of Pragmatix Services, a business intelligence and analytics startup for banking and financial processes. Commenting on the new appointment, Bhavesh Zaveri, country head of operations and technology at HDFC Bank, said, “Ramesh brings an interesting blend of professional expertise as well as an entrepreneurial acumen acquired while running a start up.” Lakshminarayanan shared that he would be “taking a fresh guard” to start a new innings at HDFC. “I hope to utilize my experience and understanding of technology, new digital platforms, data and analytics to ensure that the bank maintains its pole position in leveraging technology,” he added. Related content brandpost Sponsored by Palo Alto Networks Operational technology systems require a robust Zero Trust strategy in 2024 Zero Trust provides a foundation for creating a stronger security posture in 2024. By Navneet Singh, vice president of marketing, network security, Palo Alto Networks Dec 05, 2023 6 mins Security brandpost Sponsored by AWS in collaboration with IBM How digital twin technology is changing complex industrial processes forever As the use cases for digital twins proliferate, it is becoming clear that data-driven enterprises with a track record of innovation stand the best chance of success. By Laura McEwan Dec 05, 2023 4 mins Digital Transformation brandpost Sponsored by AWS in collaboration with IBM Why modernising applications needs to be a ‘must’ for businesses seeking growth Around one-third of enterprises are spending heavily on application modernisation and aiming for cloud native status. The implications for corporate culture, structure and priorities will be profound. By Laura McEwan Dec 05, 2023 5 mins Digital Transformation opinion 11 ways to reduce your IT costs now Reorienting IT’s budget toward future opportunities is a big reason why CIOs should review their IT portfolios with an eye toward curbing unnecessary spending and realizing maximum value from every IT investment. By Stephanie Overby Dec 05, 2023 11 mins Budget Cloud Management IT Governance Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe