Mumbai/IBNS, June 30 -- The share prices of HDFC Bank slipped marginally in early trade on Tuesday after the country's largest private-sector lender appointed former Chief Election Commissioner and ex-Finance Secretary Rajiv Kumar as its new part-time chairman, according to media reports.

Rajiv Kumar succeeds Atanu Chakraborty, whose tenure as part-time chairman concluded after completing the maximum term permitted under banking regulations.

A former Finance Secretary and Chief Election Commissioner of India, Kumar brings decades of experience in public administration, economic policy and financial governance.

The appointment is subject to the applicable regulatory approvals and is seen as part of the bank's planned leadership transiti...