GK and monthly revision

HDFC Bank shares in focus as lender appoints ex-finance secretary Rajiv Kumar as part-time chairman

HDFC Bank has appointed Rajiv Kumar as its Part-time Chairman after the resignation of Atanu Chakraborty due to ethical concerns. Kumar, a former IAS officer and ex-Chief Election Commissioner, is recognized for his efforts in improving public sector bank balance sheets. His appointment is significant as it reflects the bank's commitment to governance and stability, pending RBI approval for his three-year term. The announcement also included Puneet Sharma as the new CFO, indicating a strategic leadership change.