HDFCBANK · HDFC Bank Limited · NSE · Filed 15 Jul · 1 min read

RBI approves Rajiv Kumar as Part-time Chairman of HDFC Bank for three years

HDFC Bank said the Reserve Bank of India has cleared Rajiv Kumar's appointment as Part-time Chairman, effective 15 July 2026, replacing the interim arrangement under Keki Mistry.

What was filed

HDFC Bank told the exchanges that the Reserve Bank of India, by a communication dated 15 July 2026, has approved the appointment of Mr. Rajiv Kumar (DIN: 08049696) as Part-time Chairman of the Bank. The approval was granted under Section 10B(1A)(i) of the Banking Regulation Act, 1949, and takes effect from 15 July 2026. The filing follows an earlier intimation dated 29 June 2026 relating to the same appointment.

The leadership transition

The approval settles the Bank's board chairmanship, which had been held on an interim basis. Per the filing, the Bank recorded its gratitude to Mr. Keki Mistry for his contributions as Interim Part-time Chairman. Mr. Mistry continues on the board as a Non-Executive Non-Independent Director.

Term of appointment: 3 years

For a large bank, RBI approval of a board chairman is a required regulatory step; the filing confirms the chairmanship is now settled on a defined term rather than an interim footing, a governance detail relevant to shareholders tracking board stability.