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HDFC Bank Appoints Anup Bagchi as MD & CEO for Three Years; RBI Gives Approval
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News18•01-10-2026, 19:30
HDFC Bank Appoints Anup Bagchi as MD & CEO for Three Years; RBI Gives Approval
- •HDFC Bank has appointed Anup Bagchi as its Managing Director and Chief Executive Officer for a three-year term, effective October 27, 2026.
- •The Reserve Bank of India (RBI) has approved Bagchi’s appointment and remuneration.
- •Bagchi's term will run until October 26, 2029, succeeding Sashidhar Jagdishan.
- •He will also be appointed as an Additional Director from October 2, subject to shareholder approval.
- •Anup Bagchi brings over three decades of experience and currently serves as MD and CEO of ICICI Prudential Life Insurance.
Key Questions Answered
Anup Bagchi has been appointed as the Managing Director and Chief Executive Officer of HDFC Bank for a three-year term starting from October 27, 2026, following approval from the Reserve Bank of India (RBI).
Incumbent MD and CEO Sashidhar Jagdishan is scheduled to complete his tenure at the close of business on October 26, 2026.
Anup Bagchi has over three decades of experience across banking, capital markets, wealth management, and insurance. He previously served as an Executive Director of ICICI Bank from 2017 to 2023 and has been heading ICICI Prudential Life Insurance as its MD and CEO since June 2023.
