HDFC Bank has appointed former IAS officer and ex-Chief Election Commissioner Rajiv Kumar as its Part-time Chairman, following Atanu Chakraborty’s abrupt resignation over ethical concerns. Kumar, known for his role in cleaning up public sector bank balance sheets, will serve a three-year term subject to RBI approval. The bank also announced Puneet Sharma as its new CFO. This news comes as HDFC Bank shares have seen mixed performance recently.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets