UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 under the
Securities Exchange Act of 1934
For the month of June 2026
Commission File Number 001-15216
HDFC BANK LIMITED
(Translation of registrant’s name into English)
HDFC Bank House, Senapati Bapat Marg,
Lower Parel, Mumbai. 400 013, India
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F.
Form 20-F ☒ Form
40-F ☐
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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HDFC BANK LIMITED |
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(Registrant) |
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| Date: June 29, 2026 |
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By: |
/s/ Ajay Agarwal |
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Name: |
Ajay Agarwal |
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Title: |
Company Secretary |
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Group Head – Secretarial & Group Oversight |
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EXHIBIT INDEX
The following documents (bearing the exhibit number
listed below) are furnished herewith and are made a part of this report pursuant to the General Instructions for Form 6-K.
Exhibit No. 99
Description
Appointment of Mr. Rajiv Kumar as Part-time Chairman and Additional (Independent) Director, HDFC Bank Limited
Exhibit 99
June 29, 2026
New York Stock Exchange
11 Wall Street,
New York,
NY 10005
USA
Dear Sir,
Sub: Mr.
Rajiv Kumar, a seasoned public policy leader and Financial Services sector reformer, appointed as Part-time Chairman and Additional (Independent)
Director, HDFC Bank
We wish to inform you that the Board of Directors
of the Bank at its meeting held today i.e. on June 29, 2026, based on the recommendation of Governance, Nomination and Remuneration Committee:
| a. | approved the appointment of Mr. Rajiv Kumar (DIN: 08049696) as an Additional Director (Independent Director)
of the Bank for a period of 4 (four) years, with effect from June 30, 2026. The said appointment as an Independent Director is subject
to the approval of Shareholders of the Bank. |
| b. | approved, subject to the approval of Reserve Bank of India (RBI), the appointment including remuneration
of Mr. Rajiv Kumar as a Part-time Chairman of the Bank for a period of 3 (three) years effective from the date as approved by RBI. |
It is being confirmed that, Mr. Rajiv Kumar is
not debarred from holding the office of a Director, by virtue of any order passed by SEBI or any other such authority.
In view of the above, the Board of Directors at
the said meeting, also approved the revised Notice convening the 32nd Annual General Meeting of the Members of the Bank scheduled
to be held on Wednesday, August 5, 2026, by way of inclusion of resolution(s) relating to the above appointment.
The details as required in terms of disclosure
under Regulation 30 read with Clause 7 of Paragraph A of Part A of Schedule III to the SEBI Listing Regulations read with SEBI Master
Circular no. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 are enclosed herewith as Annexure I.
The Board Meeting at which the above decision
was taken, commenced at 7:15 p.m. and ended at 8:10 p.m.
You are requested to kindly take the above on
record.
Yours faithfully,
For HDFC Bank Limited
Sd/-
Ajay Agarwal
Company Secretary
Group Head – Secretarial & Group Oversight
Annexure I
| Sr. No. |
Particulars |
Description |
| 1. |
Reason for Change viz. appointment, reappointment, resignation, removal, death or otherwise; |
a. Appointment
of Mr. Rajiv Kumar as an Additional Director (Independent Director) of the Bank, and
b. Appointment
of Mr. Rajiv Kumar as a Part-time Chairman of the Bank, subject to approval of RBI.
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| 2. |
Date of appointment/ reappointment/ cessation (as applicable) & term of appointment/re-appointment; |
Mr. Kumar is appointed as an Additional Director
(Independent Director) w.e.f. June 30, 2026 for a period of 4 years.
The appointment of Mr. Kumar as a Part-time Chairman
of the Bank shall be effective the date as approved by RBI
He shall not be liable to retire by rotation.
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| 3. |
Brief profile (in case of appointment); |
Mr. Rajiv Kumar (age: 66 years), a 1984-batch
Ex IAS officer, is widely regarded for his transformative role in revitalising India’s banking and financial sector during a period
of significant systemic stress from 2017 -2020. He retired as Finance Secretary of India in February 2020. Post retirement Mr Kumar also
briefly served as Chairman of Public Enterprises Selection Board (PESB).
As Secretary, Department of Financial Services
(2017–2020), he assumed charge at a time when public sector banks were grappling with high levels of unrecognised NPAs, capital
inadequacy, lenders frozen out of fresh credit, gold plating being rampant, equity and debt being diverted and recirculated to leverage
fresh credit, governance challenges including large consortiums, NBFCs struggling to fill micro credit gaps post demonetization, Ponzi
schemes defrauding citizens, etc.
Within a fortnight of Mr. Kumar’s joining
the Department of Financial Services, accounts of about 3.38 lakh shell companies were frozen targeting the architecture of black money
itself. Curbs on Ponzi schemes followed, by getting The Banning of Unregulated Deposits Schemes Act, 2019 passed.
Through decisive policy direction and execution,
Mr. Kumar led a comprehensive clean-up of public sector bank balance sheets by mandating transparent recognition and provisioning of
NPAs and by enforcing accountability among borrowers under the Insolvency and Bankruptcy Code framework. His approach addressed the long-standing
twin balance sheet problem by restoring credit discipline and rebooting the creditor–debtor relationship. These efforts, structured
around the “4R strategy” of Recognition, Resolution, Recapitalization, and Reforms, enabled a sharp turnaround in the banking
sector, with public sector banks returning to sustained profitability and improved asset quality. |
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Mr Kumar’s career saw him implement several
initiatives leading to clean banking. His tenure saw decisive action against illicit financial practices, strengthening regulatory oversight
of cooperative banks, and enforcing accountability in high-profile default cases. For loans of ₹50 crore and above, passport details
became mandatory — closing the door on big borrowers who might flee before action caught up. Fraud checks, specialised monitoring
above ₹250 crore, and IT-based risk scoring on 34-plus factors replaced soft signals with loose controls, inbuilt in lending by
large consortiums of often more up to 25 banks.. A total reset of Creditor- Debtor relationship with loud and clear message that money
has to be lent prudentially and debtors must pay back.
A key pillar of this transformation was the unprecedented
recapitalisation of public sector banks, involving capital infusion exceeding ₹3 lakh crore, which helped restore solvency and lending
capacity. This was complemented by a far-reaching consolidation exercise, under which 27 public sector banks were merged into 12 stronger
entities, alongside rationalisation of Regional Rural Banks into a more efficient one state–one RRB structure. The consolidation
of these public sector banks was spearheaded by Mr Kumar. These measures significantly improved operational efficiency, scale, and competitiveness
across the public banking system.
Mr. Kumar also strengthened governance, risk management,
and regulatory oversight across banks by institutionalising specialised monitoring for large exposures and implementing technology-driven
risk assessment systems. He placed equal emphasis on depositor protection and financial stability, including enhancing deposit insurance
coverage from ₹1 lakh to ₹5 lakh.
Beyond balance sheet repair, Mr. Kumar drove growth-oriented
and inclusion-focused initiatives within the financial system. He accelerated financial inclusion under the Jan Dhan framework, expanded
access to banking services, and directed credit growth towards sectors such as retail, agriculture, and MSMEs while maintaining underwriting
discipline. His coordinated response to liquidity challenges in the NBFC sector following a crisis, along with reforms such as the restructuring
of a public sector Bank and implementation of the Enhanced Access and Service Excellence (EASE) agenda further strengthened the resilience
and credibility of India’s financial system.
Mr. Kumar has also served as the 25th
Chief Election Commissioner of India; world records with participation of ~642 million electors and ~312 million women electors were created
during 2024 General Elections to Lok Sabha.
Mr. Kumar either sat on or chaired most of the
bodies that touch the country’s financial architecture - the Central Board of Reserve Bank, the Financial Stability and Development
Council, the Financial Sector Regulatory Appointments Search Committee, Secretary of the Appointment Committee of the Cabinet (ACC), the
Public Enterprises Selection Board, the Bank Board Bureau, the Boards of State Bank of India and NABARD, an expert committee on the Central
Bank’s economic capital framework and Committee on restructuring of NITI Aayog. |
| 4. |
Disclosure of relationships between directors (in case of appointment of a director). |
Mr. Rajiv Kumar is not related to any other Directors or Key Managerial Personnel of the Bank |
