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HDFC Bank Deputy MD Kaizad Bharucha Expected to Seek Early Retirement
M
Moneycontrol•16-10-2026, 10:20
HDFC Bank Deputy MD Kaizad Bharucha Expected to Seek Early Retirement
- •Kaizad Bharucha is expected to seek early retirement following the appointment of Anup Bagchi as HDFC Bank's new MD and CEO.
- •Bharucha was an internal candidate for the top post, and the RBI's decision effectively ended his aspirations for the corner office.
- •Anup Bagchi will take charge as the new MD and CEO on October 27, succeeding Sashidhar Jagdishan.
- •Bharucha has been associated with HDFC Bank since its inception in October 1995 and was elevated to deputy MD in 2023.
Key Questions Answered
Following the RBI's approval of Anup Bagchi as the new MD and CEO, Kaizad Bharucha's corner office aspirations ended, prompting him to likely convey his decision for early retirement during upcoming board meetings.
Anup Bagchi received the RBI go-ahead to be appointed as HDFC Bank's CEO and will officially take charge on October 27, 2026.
Current MD and CEO Sashidhar Jagdishan announced that he would not seek reappointment and will officially retire on October 26, 2026, when his current tenure ends.
