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Anup Bagchi Appointed HDFC Bank MD & CEO: ICICI Veteran Takes Helm
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Firstpost•01-10-2026, 21:01
Anup Bagchi Appointed HDFC Bank MD & CEO: ICICI Veteran Takes Helm
- •Anup Bagchi, with over three decades of experience in banking, capital markets, treasury, wealth management, and insurance, has been appointed as the new Managing Director and CEO of HDFC Bank.
- •Bagchi has been associated with the ICICI Group since 1992, holding senior leadership positions including MD and CEO of ICICI Prudential Life Insurance and Executive Director at ICICI Bank.
- •At ICICI Bank, he strengthened the retail franchise, leading it to become the first private sector lender in India to cross Rs 2 lakh crore in retail mortgage loans.
- •He played a crucial role in maintaining operational continuity at ICICI Bank during the 2016 demonetisation period.
- •Bagchi's extensive leadership experience also includes serving as MD and CEO of ICICI Securities and chairing ICICI Prudential Asset Management Company.
Key Questions Answered
Anup Bagchi has been appointed as the new Managing Director and CEO of HDFC Bank. Before taking charge at HDFC Bank, he served as the MD and CEO of ICICI Prudential Life Insurance starting in June 2023.
Anup Bagchi holds over three decades of experience spanning banking, capital markets, treasury, wealth management, and insurance. An alumnus of IIT Kanpur and IIM Bangalore, he has previously held various senior leadership positions within the ICICI Group.
The leadership transition is occurring because the incumbent Managing Director and CEO, Sashidhar Jagdishan, decided not to seek reappointment when his second term concludes in October 2026.
