Rajiv Kumar appointed Non-Executive Chairman of HDFC Bank

Exam-focused facts from the 1 July 2026 current affairs briefing.

Key facts

Rajiv Kumar appointed as Part-time (Non-Executive) Chairman of HDFC Bank for a period of three years, subject to the approval of the Reserve Bank of India (RBI).
He is appointed as an Additional (Independent) Director of HDFC Bank for four years with effect from 30 June 2026.
He succeeds Atanu Chakraborty, who stepped down on 18 March 2026, and Keki Mistry, who served as the interim part-time chairman.
A 1984-batch Indian Administrative Service (IAS) officer, Rajiv Kumar retired as Finance Secretary of India in February 2020 and served as the 25th Chief Election Commissioner of India.
As Secretary of the Department of Financial Services, he implemented the 4R strategy (Recognition, Resolution, Recapitalisation and Reforms) and oversaw the consolidation of 27 public sector banks into 12 entities.