India's RBI approves interim part-time chairman for HDFC Bank

Change
India's RBI approved Keki Mistry as interim part-time chairman of HDFC Bank for a three-month term beginning March 19, 2026, and stated there are no material concerns about the bank's governance or conduct.
India's RBI approves interim part-time chairman for HDFC Bank
Why it matters
The RBI's approval fixes an interim leadership arrangement and requires HDFC Bank to operate under that chair for the specified three-month period. The bank must remain under active engagement with India's RBI while the regulator and the board determine permanent next steps, constraining immediate unilateral board changes.
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Source

Economic Times

Topics

Governance Financial Services

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