Board MeetingJun 22, 2026, 06:08 AM
HDFC Bank Board Approves AGM, Rs 13 Dividend; Chairman Tenure Extended
AI Summary
HDFC Bank's Board of Directors, at its meeting on June 18, 2026, approved the convening of the 32nd Annual General Meeting (AGM) on August 5, 2026. At the AGM, shareholders will vote on a proposed dividend of Rs. 13 per equity share for the fiscal year ended March 31, 2026, with payment scheduled on or after August 6, 2026, if approved. Additionally, the bank announced that the Reserve Bank of India (RBI) granted approval for a three-month extension of Mr. Keki Mistry's tenure as interim Part-time Chairman, until September 18, 2026, or until a regular chairman is appointed.
Key Highlights
- RBI approved extension of Mr. Keki Mistry's interim Part-time Chairman tenure.
- Extension is for 3 months, until September 18, 2026, or regular appointment.
- Board approved 32nd Annual General Meeting (AGM) on August 5, 2026.
- Board approved proposed dividend of Rs. 13 per equity share for FY26.
- Dividend payment date on or after August 6, 2026, subject to AGM approval.
Price Impact
More from HDB