Keki Mistry & HDFC Bank

Keki Mistry: Keki Mistry's tenure as interim part-time chairman of HDFC Bank has been extended by three months, ensuring leadership continuity while the bank seeks a permanent chairman. He previously served as CEO of Housing Development Finance Corporation.

HDFC Bank: HDFC Bank received approval from the State Bank of India to extend Keki Mistry's tenure as interim part-time chairman, providing stability during its search for a permanent chairman. The bank also approved a dividend payment.

Keki Mistry: Keki Mistry, Interim Chairman of HDFC Bank, reassured investors about the bank's strong governance standards and unchanged business priorities after the resignation of Manas Chakraborty.

HDFC Bank: HDFC Bank is expected to be a key beneficiary of the State Bank of India's FCNR-B scheme, which will aid its growth and margins by providing access to larger pools of funds. The bank has also received positive assessments from brokerages and clean chits from regulators regarding governance issues.

Keki Mistry: Keki Mistry stepped in as interim part-time chairman of HDFC Bank after Manas Chakraborty's resignation, providing temporary leadership until Rajiv Kumar's appointment.

HDFC Bank: HDFC Bank has appointed Rajiv Kumar as its new Part-time (Non-Executive) Chairman, aiming to bring stability and leadership as it prepares for its next growth phase. This appointment follows the abrupt resignation of its previous chairman, Manas Chakraborty.

Keki Mistry: Interim chairman Keki Mistry reassured investors about governance standards after Chakraborty's resignation.

HDFC Bank: HDFC Bank is the central entity; its board penalized senior executives for business overreach in MSRDC deposit arrangements, and the bank faces investigations from US law firms.