HDFC Bank has appointed former Finance Secretary Rajiv Kumar as its new part-time chairman, pending RBI approval, succeeding Keki Mistry who served on an interim basis after Atanu Chakraborty's departure in March 2026. Additionally, Puneet Sharma, former Group Executive and CFO at Axis Bank, will join as Chief Financial Officer-designate from September 1, 2026, and assume full CFO responsibilities on December 1, 2026, according to bfsi.economictimes.indiatimes.com.
The leadership changes follow a series of transitions at HDFC Bank's top management. Rajiv Kumar, known for his role in shaping India's banking sector, will bring his expertise to the board as part-time chairman. Puneet Sharma's appointment as CFO-designate was announced on Monday, marking a strategic move to strengthen the bank's financial leadership. Sharma will replace the current CFO as part of this planned succession, as detailed by bfsi.economictimes.indiatimes.com.
These appointments come amid a broader reshuffle in India's banking industry leadership. Rajiv Kumar's experience as Finance Secretary positions him to influence HDFC Bank's governance significantly. Puneet Sharma's background at Axis Bank, a major competitor, signals HDFC Bank's intent to bolster its financial strategy. Such high-profile appointments reflect ongoing efforts by leading Indian banks to reinforce management amid evolving market conditions.
Rajiv Kumar's appointment is subject to approval by the Reserve Bank of India, while Puneet Sharma's role as CFO-designate begins on September 1, 2026, with full CFO duties starting December 1, 2026, as confirmed by HDFC Bank's official announcements on bfsi.economictimes.indiatimes.com.