HDFC Bank on Wednesday said it has received approval from the Reserve Bank of India (RBI) to appoint former Financial Services Secretary, Rajiv Kumar as its part-time chairman for a three-year term, effective July 15, 2026.
The appointment has been approved under Section 10B(1A)(i) of the Banking Regulation Act, 1949, the bank said in a stock exchange filing. Rajiv Kumar's appointment follows the bank's application to the RBI and an earlier intimation made on June 29.