New Delhi, July 15 -- The Reserve Bank of India (RBI) has approved the appointment of former Chief Election Commissioner Rajiv Kumar as the Part-time Chairman of HDFC Bank for a period of three years, the private sector lender said in an exchange filing on Wednesday.

The bank said the RBI, through its communication dated July 15, 2026, approved Rajiv Kumar's appointment under Section 10B(1A)(i) of the Banking Regulation Act, 1949, with effect from July 15, 2026.

The approval follows the bank's application to the central bank after its Board of Directors, at a meeting held on June 29, 2026, approved Rajiv Kumar's appointment as Part-time Chairman, subject to RBI approval.

The filing said "In furtherance to our intimation dated June 29, ...