HDFC Bank Appoints Rajiv Kumar as Part-Time Chairman

HDFC Bank has appointed Rajiv Kumar as its Part-Time Chairman, reinforcing its board leadership as the bank continues to strengthen governance and execute its long-term growth strategy.

Kumar is one of India’s most respected economists and policy experts, bringing decades of experience across government, financial institutions, and industry. He previously served as Vice Chairman of NITI Aayog, where he played a key role in shaping India’s economic and development policies. Earlier in his career, he held senior leadership positions at the Federation of Indian Chambers of Commerce and Industry (FICCI), State Bank of India, Larsen & Toubro, and the Asian Development Bank, building extensive expertise in finance, economics, public policy, and corporate governance.

His appointment comes at an important phase for HDFC Bank as it continues integrating operations following its landmark merger with HDFC Ltd. The bank remains focused on expanding its retail and corporate banking franchise, accelerating digital transformation, strengthening governance, and delivering sustainable long-term growth.

As Part-Time Chairman, Kumar will provide strategic guidance to the Board, support governance oversight, and work closely with the bank’s leadership team on long-term priorities while ensuring strong regulatory and governance standards.

The appointment reflects HDFC Bank’s continued emphasis on experienced board leadership as it navigates an evolving banking landscape shaped by digital innovation, changing customer expectations, and regulatory developments.

With Rajiv Kumar joining as Part-Time Chairman, HDFC Bank further strengthens its leadership structure, positioning itself to build on its market leadership while maintaining a strong focus on governance, resilience, and sustainable value creation.