New Delhi, July 15 (IANS) HDFC Bank on Wednesday announced that it has received approval from the Reserve Bank of India (RBI) to appoint former Finance Secretary and ex-Chief Election Commissioner Rajiv Kumar as its part-time chairman for a period of three years, effective July 15, 2026.The private sector lender said in a regulatory filing that the appointment has been approved by the RBI under Section 10B(1A)(i) of the Banking Regulation Act, 1949. The approval follows the bank’s application to…
Latest Keki Mistry News & Updates
New Delhi, July 4 (IANS) HDFC Bank — India’s largest private lender — on Saturday reported double-digit growth in both deposits and advances for the quarter ended June 30 (Q1 FY27).According to the bank’s latest business update, total deposits increased 14.7 per cent year-on-year to Rs 31.70 lakh crore as of June-end, the bank said in an exchange filing.Time deposits increased more than 17 per cent from a year ago to Rs 21.45 lakh crore, while current account and savings account (CASA) deposit…
New Delhi, June 30 (IANS) Shares of India’s largest private lender, HDFC Bank, traded lower in early trade on Tuesday after the bank appointed former Finance Secretary Rajiv Kumar as its new part-time Chairman for a period of three years.The private lender’s stock declined as much as 0.62 per cent to Rs 794, hitting an intraday low on the BSE at around 9:45 am.At the last count, the stock was trading at Rs 794.55, down 0.56 per cent.The selling pressure came after the bank — in a regulatory fil…
Mumbai, June 29 (IANS) HDFC Bank has appointed former Finance Secretary Rajiv Kumar as its new part-time Chairman for a period of three years, according to a regulatory filing made by the private sector lender on Monday. The appointment brings an experienced policymaker and former bureaucrat to the helm of the bank’s board at a time when the institution is focusing on strengthening governance and oversight.Kumar succeeds former chairman Atanu Chakraborty, who stepped down earlier this year citin…
New Delhi, June 29 (IANS) Former HDFC Bank Chairman Atanu Chakraborty has described the legal review of his resignation as being caveated and superfluous, saying it focused largely on compliance issues instead of the broader concerns he had raised about certain business practices at the bank, according to a report.NDTV Profit reported that the external legal firms appointed by HDFC Bank — Wadia Gandhy and Wilson Soni — reviewed Chakraborty’s resignation statement by relying largely on select e…
Mumbai, June 18 (IANS) The Reserve Bank of India (RBI) has approved the extension of Keki Mistry as interim part-time chairman of HDFC Bank for a further period of three months, it was announced on Thursday.In an exchange filing, HDFC Bank said the RBI, through a communication dated June 18, 2026, approved the extension of Mistry’s tenure until September 18, 2026, or until the appointment of a regular part-time chairman, whichever is earlier.“The RBI has granted approval for the extension of t…
Mumbai, May 27 (IANS) HDFC Bank on Wednesday dismissed allegations linked to alleged payment irregularities involving Rs 45 crore, saying assumptions of wrongdoing based on selective material were misplaced and that all matters are handled in accordance with established internal processes.The private lender asserted that the bank follows robust internal oversight, audit and control processes.“We strongly reject any assumptions of wrongdoing or culpability based on selective material. All issue…
New Delhi, April 18 (IANS) HDFC Bank on Saturday said the process for re-appointing its Managing Director and CEO Sashidhar Jagdishan will be taken up ‘in due course’, with the bank’s nomination and remuneration committee (NRC) currently seized of the matter.Responding to a query by NDTV Profit, Deputy Managing Director Kaizad Bharucha said the committee will take a final call on Jagdishan’s reappointment at an appropriate time.Jagdishan’s current tenure is set to end in October 2026.M…
New Delhi, April 17 (IANS) K. Krithivasan, Chief Executive Officer and Managing Director of Tata Consultancy Services, on Friday detailed a series of measures undertaken by the company in response to the controversy surrounding the Nashik TCS conversion case, as it moved to address concerns and ensure a transparent probe.In a formal statement, Krithivasan said the company has not received any complaints under its Prevention of Sexual Harassment (POSH) framework in connection with the matter.He a…
New Delhi, March 27 (IANS) Major global leading brokerage Jefferies has exited its holdings in HDFC Bank and reduced its India exposure across key portfolios, following the resignation of the lender’s part-time chairman Atanu Chakraborty.In its latest “Greed & Fear” report, Jefferies strategist Chris Woods said the firm has removed HDFC Bank from its Asia ex-Japan long-only equity portfolio, global long-only equity portfolio, and international long-only equity portfolio (ex-USA). No sp…