HDFC Bank has been cleared of allegations made by its former chairman, so now it is focusing on appointing a new permanent chairman first.
After that, the bank’s board will decide whether to extend the term of its CEO Sashidhar Jagdishan, whose current term ends in October.
The new chairman may be appointed in the next 2 weeks, and the CEO decision is expected by the end of July.
Right now, Keki Mistry is working as interim chairman after the previous chairman resigned due to concerns about some internal practices.
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