–HDFC Bank’s board on Monday approved the appointment of former Chief Election Commissioner of India, Rajiv Kumar, as part-time chairman of the country’s largest private lender for a period of three years, subject to approval from the Reserve Bank of India (RBI). The board has also cleared his appointment as an additional independent director for four years, subject to shareholders’ approval.Kumar, 66, who retired as finance secretary in February 2020, will take charge as HDFC Bank’s part-time chairman from the date approved by the RBI. His appointment as an additional independent director will be effective from June 30, 2026.
