HDFC Bank Appoints Rajiv Kumar as Part-time Chairman & Independent Director

HDFC Bank announced the appointment of Mr. Rajiv Kumar as Part-time Chairman and Additional (Independent) Director. The Board of Directors approved his appointment as an Additional Director (Independent Director) for a period of 4 years, effective June 30, 2026, subject to shareholder approval. His appointment as Part-time Chairman is for 3 years, subject to RBI approval. Mr. Kumar, a former Finance Secretary, is recognized for his reforms in the financial services sector. The bank's 32nd Annual General Meeting on August 5, 2026, will include resolutions for these appointments.