Former Reserve Bank of India (RBI) deputy governor Shyamala Gopinath has been appointed non-executive chairperson of HDFC Bank Ltd. with immediate effect, the bank said in a statement to the stock exchanges. Gopinath's appointment for a three-year term starting was approved by shareholders through a postal ballot. HDFC Bank has been without a chairperson since former Indian Administrative Service (IAS) officer C.M. Vasudev retired as chairman on August 26, 2014.

Gopinath retired as the RBI deputy governor in June 2011 after a 39-year stint at the central bank. She was in charge of financial markets, banking regulation and supervision and foreign exchange management.