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RBI approves three-month extension for Keki Mistry as HDFC Bank interim chairman
NDTV··19 Jun
NDTV reported that the Reserve Bank approved extending Keki Mistry's tenure as HDFC Bank interim part-time chairman until September 18, 2026 or until a regular chairman is appointed, whichever is earlier.
Prism
What It Means For You
- HDFC Bank leadership stability continues through September.
- Shareholders will vote on a Rs 13 dividend in August.
- The bank is still searching for a permanent chairman.
What's Happening
- RBI granted the extension on June 18.
- Mistry's interim role began on March 18.
- The 32nd AGM is scheduled for August 5.
Governance Context
- Former chairman Chakraborty cited ethics concerns.
- Mistry sits on boards including HDFC Life and TCS.
- HDFC Limited merged with the bank in July 2023.
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