HDFC Bank received a three‑month extension for part‑time chairman Keki Mistry from the Reserve Bank of India, keeping him in role until Sept. 18, 2026 or until a successor is named. The move follows the abrupt March resignation of former chair Atanu Chakraborty, which had rattled investors and erased billions in market value.

The RBI’s approval comes after the central bank publicly cleared the lender of material conduct or governance concerns. HDFC Bank, a favorite of foreign institutional investors, had earlier denied allegations of offering inflated interest rates to a state‑owned firm. The extension stabilises the board while the bank navigates lingering reputational risk from the March episode and prior Credit Suisse AT1 bond fallout.

Mistry, 71, previously led Housing Development Finance Corp. before its merger with HDFC Bank in July 2023. His continued stewardship provides continuity as the bank pursues growth after a transformative amalgamation. Investors now have a clearer view of leadership succession, reducing immediate uncertainty around the lender’s governance structure.