Current Affairs - Awards and Honours - Discussion

HDFC Bank has appointed former Chief Election Commissioner Rajiv Kumar as its part-time chairman for a three-year term, subject to approval from the Reserve Bank of India (RBI). He has also been appointed as an Additional Director (Independent Director) for a four-year term beginning on June 30, 2026, subject to shareholder approval. Rajiv Kumar is a 1984-batch IAS officer with extensive experience in finance and public administration. He previously served as Secretary of the Department of Financial Services and played a significant role in banking reforms, including public sector bank consolidation, capital infusion, and increasing deposit insurance coverage.