New Delhi, July 18 -- HDFC Bank's first board meeting, led by newly-appointed chairman Rajiv Kumar, was refreshing and well-received, Sashidhar Jagdishan, chief executive of the bank, told reporters on Saturday.

Jagdishan said that Kumar had done a 'lot of homework' and the bank is eager to see a 'great partnership between the board and the management over the years'. Kumar, a former chief election commissioner (CEC) and financial services secretary whose appointment was approved by the Reserve Bank of India (RBI) a few days ago, replaces interim chair and HDFC veteran Keki Mistry.

"A hearty welcome to our new chairman, Rajiv Kumar. Looking forward to taking the franchise to the next growth stage. With the appointment of Kumar, there is...