Business
oi-Ashish Rana
Former Chief Election Commissioner Rajiv Kumar has now been appointed as part-time chairman of private sector bank HDFC. He has been appointed after getting received approval from RBI. HDFC announced his appointment on Wednesday in a regulatory filing. Rajiv Kumar has been appointed chairman for three years from July 2026 to July 2029.
Former Chief Election Commissioner Rajiv Kumar was appointed HDFC Bank’s part-time chairman for a three-year term from July 15, 2026, to July 2029, following RBI approval.
Three-Year Term Begins From July 15
Rajiv Kumar will become HDFC bank chairman from 15 July, 2026 to 2029. However, the bank confirmed that interim chairman Keki Mistry will continue his work as non-executive and non-independent director. The appointment of Rajiv Kumar has come at the time when India’s private bank sector for future phase of growth and leadership.
Rajiv Kumar’s Experience In Banking And Government
Rajiv Kumar had the experience of Finance Secretary and Secretary in the Department of Financial Services, before become the Chief Election Commissioner. In between 2017 t0 2020, he did many important banking reforms for improving India’s financial system.
According to HDFC bank, Rajiv Kumar helped cleaning up balance sheets of private bank sectors. He also helped in recognition of non-performing assests, improving the Isolvency and Bankruptcy. He also supported government’s ‘4R Strategy’ of Recognition, Resolution, Recapitalisation and Reforms.
HDFC banks sasys they hired Rajiv Kumar for his experience in banking sector and his plans will help the bank for future plans. His tenure as part-time chairman will prove stability and leadership for next three years.
