StockWatch
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Private Sector Bank
Board Meeting18 Jun 2026, 04:50 pm

HDFC Bank: RBI Extends Keki Mistry's Tenure; AGM Set for Aug 5

AI Summary

HDFC Bank announced that the Reserve Bank of India (RBI) has approved an extension for Mr. Keki Mistry's tenure as interim Part-time Chairman for three months, until September 18, 2026, or until a regular chairman is appointed. Additionally, the Bank's Board of Directors approved convening the 32nd Annual General Meeting (AGM) on August 5, 2026. At the AGM, shareholders will vote on a proposed dividend of ₹13 per equity share for the fiscal year ended March 31, 2026, with the payment date set for on or after August 6, 2026, subject to shareholder approval.

Key Highlights

  • RBI extends Keki Mistry's interim Chairman tenure by 3 months.
  • AGM scheduled for August 5, 2026, to approve dividend.
  • Proposed dividend of ₹13 per share for FY26.
  • Dividend payment date set for August 6, 2026, if approved.