HDFC Bank’s Nomination and Remuneration Committee (NRC) is expected to convene shortly to deliberate on candidates for the bank’s next chairman, as the succession process gathers pace. Sources indicate that veteran banker Keki Mistry, who is currently serving as the interim non-executive chairman, is unlikely to be in contention for the full-time role.

Mistry is understood to have conveyed his lack of interest in transitioning into a permanent executive position, effectively narrowing the field for the top post. In the interim, the Reserve Bank of India (RBI) is likely to grant a short extension of two to three months to Mistry’s tenure to ensure continuity while the selection process is underway.

The bank’s board is actively evaluating multiple candidates, with an emphasis on regulatory alignment and governance stability following the merger with HDFC Ltd. The upcoming NRC meeting is expected to play a crucial role in finalizing a shortlist, which would then be subject to regulatory approval.

The development comes at a critical juncture for India’s largest private lender as it navigates leadership continuity and long-term strategic direction.