RBI Approves Rajiv Kumar as HDFC Bank Part-Time Chairman

25 July 2026National

The Reserve Bank of India (RBI) approved the appointment of Rajiv Kumar as Part-time (Non-Executive) Chairman of HDFC Bank for a three-year term. Interim Part-time Chairman Keki Mistry steps aside from the role but remains on the board. Separately, the government extended the term of RBI Deputy Governor Swaminathan Janakiraman (the senior-most Deputy Governor) by two years, effective 26 June 2026.

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RBI established: 1 April 1935; HQ: Mumbai | HDFC Bank is India's largest private-sector bank | RBI has one Governor and four Deputy Governors

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RBI cleared Rajiv Kumar as HDFC Bank's part-time chairman for three years, while Deputy Governor Swaminathan Janakiraman got a two-year extension.

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