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HDFC Bank to Announce New CEO Today Amidst Leadership Transition
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CNBC TV18•01-10-2026, 18:14
HDFC Bank to Announce New CEO Today Amidst Leadership Transition
- •HDFC Bank is set to announce its next Managing Director and CEO, following Sashidhar Jagdishan’s decision not to seek reappointment.
- •The bank’s board submitted two names to the Reserve Bank of India (RBI) for a three-year term: Kaizad Bharucha, HDFC Bank’s Deputy Managing Director, and Anup Bagchi, MD and CEO of ICICI Prudential Life Insurance.
- •HDFC Bank also proposed the appointment of Jimmy Tata as an Executive Director for three years, subject to RBI approval.
- •The reappointment of V Srinivasa Rangan as a whole-time director for one year from November 23, 2026, was also proposed.
- •The announcement of the new MD and CEO is expected today.
Key Questions Answered
HDFC Bank's board submitted two names to the Reserve Bank of India for consideration: Kaizad Bharucha, the bank's Deputy Managing Director, and Anup Bagchi, MD and CEO of ICICI Prudential Life Insurance.
The leadership transition is taking place because current Managing Director and Chief Executive Officer Sashidhar Jagdishan decided not to seek reappointment after his term ends on October 26, 2026.
HDFC Bank has proposed appointing Jimmy Tata as a whole-time director designated as Executive Director for three years, and the reappointment of V Srinivasa Rangan as a whole-time director for one year starting November 23, 2026.
