HDFC Bank extends Keki Mistry interim chairman tenure

HDFC Bank has extended Keki Mistry's role as interim part-time chairman by three months. The Reserve Bank of India approved the extension until September 18, 2026. The move follows the resignation of the previous chairman.

HDFC Bank announced the three-month extension for Mistry to maintain leadership stability. The Reserve Bank of India granted approval for the interim position to continue through September 18, 2026.

Mistry had stepped into the role after the prior chairman resigned. The bank stated that the extension will support ongoing operations and continuity.

HDFC Bank is India's second-largest bank by assets. The decision aligns with regulatory requirements following the earlier leadership change.

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Illustration of corrupt bank officials, government workers, and intermediaries plotting Rs 950 crore fraud using fake documents in Chandigarh banks, with CBI investigators nearing.
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Key players behind multiple bank frauds in Chandigarh and Haryana

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Nearly Rs 950 crore in public funds have been siphoned off in multiple frauds involving IDFC First Bank, Kotak Mahindra Bank and others in Chandigarh and Haryana. Investigations reveal a collusive network of bank officials, government employees and private intermediaries using fake fixed deposits, forged documents and shell firms. The Haryana government has asked the CBI to take over the probe.

The Reserve Bank of India has promoted five senior officers to the rank of executive director. Four belong to the common seniority group cadre and one comes from the department of statistics and information management cadre.

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Domestic institutional investors raised their holdings in several large-cap Indian companies during the March 2026 quarter. Buying focused on financial, technology, telecom and industrial names even as share prices fell sharply.

Tata Trusts announced on Sunday that the board of Bai Hirabai Trust decided to remove restrictive eligibility clauses. Former trustee Mehli Mistry said on Monday that the trust deed unambiguously restricts trusteeship to practising Zoroastrians residing in Mumbai or Navsari. He called for the current board, including non-Zoroastrians, to be reconstituted in compliance with the deed.

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The Maharashtra Charity Commissioner directed Tata Trusts to defer its board meeting scheduled for May 16, 2026, and ordered an inquiry into complaints about the number of perpetual trustees at Sir Ratan Tata Trust.

A majority of economists expect the Reserve Bank of India to keep its policy rate unchanged at the June meeting. Geopolitical tensions and adverse weather forecasts are cited as key factors behind the anticipated decision.

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D.K. Shivakumar is set to take over as Karnataka chief minister on June 3 following Siddaramaiah’s resignation under a power-sharing deal. Congress leaders stressed continuity and unity at a gathering in the state.

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