Emerging
Jun 18, 20261
61%
RBI Extends HDFC Bank Chairman Mistry's Term by Three Months
India's central bank approved a three-month extension of Keki Mistry's term as part-time chairman of HDFC Bank, the country's largest private-sector lender, following governance concerns sparked by his predecessor's sudden resignation.
Quick Facts
Who
Keki Mistry
What
RBI approved extension of Mistry's term as part-time chairman
When
June 2026
Where
India
- RBI approved extension of Mistry's term as part-time chairman
- Predecessor resigned abruptly
- Governance issues raised at the bank
- Keki Mistry
- Reserve Bank of India (RBI)
India's Reserve Bank (RBI) has approved the extension of Keki Mistry's term as part-time chairman of HDFC Bank Ltd. for an additional three months. The approval comes several months after the abrupt resignation of Mistry's predecessor, which had raised questions about governance practices at India's largest private-sector lender.
The three-month extension provides continuity in leadership at HDFC Bank during a period of regulatory scrutiny. The RBI's decision reflects the central bank's confidence in Mistry's stewardship of the institution. HDFC Bank, a major player in India's financial sector, has faced heightened regulatory attention in recent months.
Mistry's extended tenure will allow the bank to continue its operations under stable leadership while the board evaluates long-term succession planning. The extension represents the RBI's measured approach to leadership transitions at systemically important financial institutions in India.
Why This Matters
The extension of Mistry's term signals regulatory confidence in HDFC Bank's current leadership amid governance scrutiny, providing operational continuity at India's largest private-sector lender. For stakeholders, this decision clarifies near-term leadership stability and suggests the RBI's measured approach to managing transitions at systemically important financial institutions—crucial for market confidence and depositor trust in the banking sector.