Former finance services secy Rajiv Kumar named HDFC Bank part-time chairman

HDFC Bank has appointed former Finance Services Secretary Rajiv Kumar (66) as its new part-time chairman, succeeding Atanu Chakraborty who resigned on March 18 citing practices not congruent with his value system. Kumar, credited with revitalising India's banking system between 2017 and 2020, takes charge after a legal review found no merit in Chakraborty's claims, resolving a leadership vacuum that had earlier triggered a decline in the bank's share price.