HDFC Bank on Wednesday said it has received approval from the Reserve Bank of India (RBI) to appoint former Financial Services Secretary, Rajiv Kumar as its part-time chairman for a three-year term, effective July 15, 2026. The appointment has been approved under Section 10B(1A)(i) of the Banking Regulation Act, 1949, the bank said in a stock exchange filing. Rajiv Kumar's appointment follows the bank's application to the RBI and an earlier intimation made on June 29. The bank also thanked Keki Mistry for his guidance and contributions during his tenure as interim part-time chairman. Mistry will continue to serve as a non-executive, non-independent director on HDFC Bank's board.