HDFC Bank appointed former Indian Finance Secretary Rajiv Kumar as Additional (Independent) Director and Part-time Chairman. His term as director begins on June 30, 2026. Kumar previously led major banking sector reforms during his government tenure.
The bank named former Axis Bank CFO Puneet Sharma as Chief Financial Officer-Designate. Jigar Shah was appointed as General Counsel-Designate.
These appointments strengthen the bank’s finance, legal, and governance functions. The move responds to evolving regulatory expectations within the Indian financial sector.