Mumbai, June 30 -- India's banking sector witnessed a series of senior management changes on Monday, with HDFC Bank, Axis Bank and Bandhan Bank announcing key appointments and resignations through separate stock exchange filings.

The most significant development came from HDFC Bank, which appointed former Finance Secretary and former Chief Election Commissioner Rajiv Kumar as an Additional Director (Independent Director) for a period of four years with effect from June 30, 2026.

The appointment is subject to shareholders' approval. The appointment is seen as paving the way for Kumar to take over as the bank's Chairman following the completion of the tenure of the current chairman.

In another key move, HDFC Bank approved the appointment...