HDFC Bank extends Keki Mistry's interim chairmanship for 3 months
Business
HDFC Bank is keeping things steady: Keki Mistry will stay on as interim part-time chairman for another three months, thanks to RBI's approval.
He stepped in after Chakraborty resigned earlier this year, saying his values didn't line up with the bank's practices.
Mistry's new term runs until September 18, 2026, or until a regular part-time chairman is found.
HDFC Bank shares close up 1.7%
With Mistry sticking around a bit longer, HDFC Bank shares got a boost: they closed up 1.7% at ₹800.80 on Thursday.
The extension signals stability during this leadership transition and reassures investors that the bank is focused on smooth governance right now.