New Delhi, July 15 -- HDFC Bank on Wednesday said RBI has approved appointment of former Chief Election Commissioner Rajiv Kumar as part-time chairman of the bank for a period of three years.

His appointment comes into effect from July 15, 2026, HDFC Bank said in a regulatory filing.

Interim chairman Keki Mistry continues to be a non-executive non-independent director of the bank, it added.

Kumar is former Chief Election Commissioner of India and Finance Secretary. Kumar had been instrumental in revitalising public sector banking and the financial sector as Secretary Department of Financial Services between 2017 and 2020.

Within a fortnight of Kumar joining Department of Financial Services, accounts of about 3.38 lakh shell companies ...