HDFC Bank's board has approved the appointment of former Finance Secretary Rajiv Kumar as its part-time Chairman for a three-year term, subject to approvals from the Reserve Bank of India (RBI) and shareholders, the bank said in a regulatory filing on Monday.

HDFC Bank is set to finalize its new chairman within 7-10 days, with its nomination and remuneration committee recommending three prioritized candidates for the board's decision.

HDFC Bank has appointed former IAS officer and ex-Chief Election Commissioner Rajiv Kumar as its Part-time (Non-Executive) Chairman. The bank's board approved his appointment as…