Shares of India’s largest private lender HDFC Bank will be in focus heading into trade on Friday after it said that the Reserve Bank of India (RBI) has approved a three-month extension for Keki Mistry as interim part-time chairman, putting to rest speculation about an imminent appointment to the role.
In a stock exchange filing, the bank said the RBI has extended Mistry's tenure until September 18, 2026, or until a regular part-time chairman is appointed, whichever comes earlier. The approval was granted following the bank's application seeking an extension after Mistry's initial appointment as interim chairman.
