HDFC Bank shares in focus as lender appoints ex-finance secretary Rajiv Kumar as part-time chairman

HDFC Bank's board approved the appointment of former finance secretary Rajiv Kumar as Additional Independent Director for four years from June 30, 2026, and as Part-time Chairman for three years subject to RBI approval. The bank also appointed Axis Bank's outgoing CFO Puneet Sharma as CFO-Designate effective September 1 and as CFO from December 1. The appointments follow the abrupt March 2026 resignation of former part-time Chairman Atanu Chakraborty, an event that wiped about Rs 1.6 lakh crore from the bank's market capitalisation in three sessions.