Announced Wed, 15 Jul · 17:00 IST
RBI approves Rajiv Kumar as HDFC Bank Part-time Chairman for 3 years
Management Changes View source PDF
HDFCBANK · price
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+0.6%1-day move
₹815.05
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₹814.50
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AI summary
HDFC Bank has received RBI approval for the appointment of Mr. Rajiv Kumar as Part-time Chairman of the Bank for a period of 3 years, effective July 15, 2026. The appointment is made under Section 10B(1A)(i) of the Banking Regulation Act, 1949. Mr. Keki Mistry, who served as Interim Part-time Chairman, will continue on the board as a Non-Executive Non-Independent Director.
Likely market impact
Ends the interim chair arrangement, bringing leadership stability and regulatory clarity at the top, which is positive for governance and shareholders.