New Delhi, June 30 -- The HDFC Bank has appointed former Chief Election Commissioner and Finance Secretary Rajiv Kumar as part-time non-executive chairman. The appointment comes after former chairman Atanu Chakraborty resigned from the position a few months back, stating that his resignation stemmed from a conflict between certain business practices at the bank and his personal values.
As part-time non-executive chairman, Kumar will be responsible for leading the board, strengthening governance and providing strategic oversight, while remaining outside the bank's day-to-day operations.
His appointment brings back to the banking sector an administrator who previously played a key role in reshaping India's public sector banking landscape.
...