StockWatch
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Commercial Banks
Management ChangeJul 16, 2026, 06:07 AM

HDFC Bank Appoints Rajiv Kumar as Part-time Chairman for 3 Years

AI Summary

HDFC Bank Limited announced that the Reserve Bank of India (RBI) has approved the appointment of Mr. Rajiv Kumar as the Part-time Chairman of the Bank. This appointment is effective from July 15, 2026, for a period of three years. The Bank also acknowledged the valuable guidance and contributions of Mr. Keki Mistry during his tenure as the Interim Part-time Chairman, noting that he will continue as a Non-Executive Non-Independent Director.

Key Highlights

  • RBI approved the appointment of Mr. Rajiv Kumar as Part-time Chairman.
  • Mr. Rajiv Kumar's appointment is for a period of 3 years.
  • The appointment is effective from July 15, 2026.
  • Mr. Keki Mistry's contributions as Interim Part-time Chairman were acknowledged.
  • Mr. Mistry continues as a Non-Executive Non-Independent Director of the Bank.