HDFC Bank Appoints Rajiv Kumar as Part-Time Chairman Pending RBI Approval
HDFC Bank has appointed former Finance Secretary and ex-Chief Election Commissioner Rajiv Kumar as its Part-time (Non-Executive) Chairman for a three-year term, subject to Reserve Bank of India approval. Kumar was also named an Additional (Independent) Director for four years, pending shareholder consent. He succeeds Atanu Chakraborty, who resigned in March citing ethical concerns. Kumar is credited with leading significant reforms in India's banking sector, including addressing non-performing assets and governance improvements during his tenure in the Department of Financial Services.