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HDFC Bank Appoints Anup Bagchi as New MD & CEO for Three-Year Term
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News18•01-10-2026, 19:00
HDFC Bank Appoints Anup Bagchi as New MD & CEO for Three-Year Term
- •HDFC Bank has appointed Anup Bagchi as its new Managing Director and Chief Executive Officer for a three-year term, effective October 27, 2026.
- •Bagchi, currently MD and CEO of ICICI Prudential Life Insurance, will succeed Sashidhar Jagdishan, who will not seek reappointment.
- •The Reserve Bank of India has approved Bagchi's appointment.
- •The HDFC Bank Board of Directors approved Bagchi's appointment as an Additional Director and subsequently as MD & CEO, pending shareholder approval.
Key Questions Answered
Anup Bagchi has been appointed as the Managing Director and Chief Executive Officer of HDFC Bank for a period of three years, effective from October 27, 2026.
Anup Bagchi's three-year tenure as the MD and CEO of HDFC Bank officially begins on October 27, 2026, following the approval from the Reserve Bank of India.
Anup Bagchi is succeeding Sashidhar Jagdishan, who informed the board that he would not seek reappointment when his current term concludes on October 26, 2026.
