New Delhi, July 15 -- HDFC Bank on Wednesday said that the Reserve Bank of India (RBI) has approved the appointment of Rajiv Kumar as the chairman of the lender for three years.

"In furtherance to our intimation dated June 29, 2026, we wish to inform you that pursuant to an application made by the bank to the Reserve Bank of India, the RBI vide its communication dated 15 July 2026, has approved the appointment of Rajiv Kumar as the Part Time Chairman of the bank..," it said in a regulatory filing.

On 29 June, the board of HDFC Bank had approved the appointment of Rajiv Kumar as part-time chairman and additional (independent) director, three days after an external legal review cleared the bank in the controversy surrounding the exit of f...