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HDFC Bank Appoints Ex-Bureaucrat Rajiv Kumar as Part-Time Chair
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HDFC Bank Appoints Ex-Bureaucrat Rajiv Kumar as Part-Time Chair HDFC Bank Ltd. named former finance secretary, Rajiv Kumar, as its part-time chairman, months after the abrupt resignation of Atanu Chakraborty sparked questions about governance at the nation’s largest private lender. Kumar’s appointment is subject to the Reserve Bank of India’s approval, the bank said in an exchange filing on Monday. He will be appointed for a period of three years from the date approved by the central bank.
HDFC Bank Appoints Ex-Bureaucrat Rajiv Kumar as Part-Time Chair
HDFC Bank Ltd. named former finance secretary, Rajiv Kumar, as its part-time chairman, months after the abrupt resignation of Atanu Chakraborty sparked questions about governance at the nation’s largest private lender.
Kumar’s appointment is subject to the Reserve Bank of India’s approval, the bank said in an exchange filing on Monday. He will be appointed for a period of three years from the date approved by the central bank. The bank’s board also named Kumar as an additional independent director.