HDFC Bank Welcomes New Chairman Rajiv Kumar

HDFC Bank had its first board meeting with a new chairman named Rajiv Kumar.

The CEO, Sashidhar Jagdishan, said the meeting was refreshing and that Kumar had done a lot of preparation.

Kumar replaces Keki Mistry, who was the interim chair.

The bank is hoping for a good partnership between the board and the management.

There has been some uncertainty because the previous chairman, Atanu Chakraborty, suddenly quit a few months ago.

The bank's financial results show a net profit of ₹19,060 crore, which is a 5% increase from last year.

The bank's loans and deposits have also grown.

The CEO's reappointment is still being discussed, and the bank will let everyone know the decision soon.