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HDFC Bank Deputy MD Kaizad Bharucha to Step Down After Three Decades
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CNBC TV18•17-10-2026, 16:36
HDFC Bank Deputy MD Kaizad Bharucha to Step Down After Three Decades
- •HDFC Bank Deputy Managing Director Kaizad Bharucha has requested to step down from his position effective December 31, 2026.
- •The bank's board and Governance, Nomination and Remuneration Committee have accepted his resignation, subject to RBI approval.
- •Bharucha joined HDFC Bank in October 1995 and played a pivotal role in establishing the bank's credit architecture.
- •His exit follows his emergence as a leading internal contender to succeed current CEO Sashidhar Jagdishan.
- •Bharucha is the bank's longest-serving executive board member, having joined the board in 2014.
Key Questions Answered
HDFC Bank Deputy Managing Director Kaizad Bharucha has requested to step down from his position with effect from the close of business hours on December 31, 2026.
Kaizad Bharucha has been associated with HDFC Bank for more than three decades, having joined the lender in October 1995.
The bank’s Governance, Nomination and Remuneration Committee accepted Bharucha’s request on October 16, 2026, followed by the board of directors on October 17, 2026, with the decision now forwarded to the Reserve Bank of India for approval.
