New Delhi, June 29 -- HDFC Bank's board has moved to fill its top board position by appointing former Chief Election Commissioner Rajiv Kumar as Part-time (Non-Executive) Chairman, a step the lender says will provide stability as it readies for its next growth phase and seeks continuity at the executive level.

"We wish to inform you that the Board of Directors of the Bank at its meeting held today i.e. on June 29, 2026... approved the appointment of Mr. Rajiv Kumar as an Additional Director (Independent Director) of the Bank for a period of 4 (four) years, with effect from June 30, 2026," HDFC Bank said in an exchange filing on the NSE. The appointment as Independent Director is "subject to the approval of Shareholders of the Bank."

The...