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Anup Bagchi Appointed HDFC Bank MD & CEO, Takes Charge October 27
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CNBC Awaaz•01-10-2026, 18:46
Anup Bagchi Appointed HDFC Bank MD & CEO, Takes Charge October 27
- •HDFC Bank's Board of Directors approved Anup Bagchi's appointment as an Additional Director and subsequently as MD & CEO for three years.
- •Bagchi will assume the role of MD & CEO from October 27, 2026, succeeding Sashidhar Jagdishan, whose term ends on October 26.
- •His appointment as Additional Director is effective from October 2, 2026, and both appointments require shareholder approval.
- •The decisions were made at the Board meeting on October 1, 2026, based on the Governance, Nomination and Remuneration Committee's recommendation.
- •HDFC Bank shares closed up 1.36% at ’719.35 on October 1, with a market cap of approximately ’11.09 lakh crore.
Key Questions Answered
Anup Bagchi has been appointed as the new Managing Director and CEO of HDFC Bank for a three-year term starting on October 27, 2026, following the recommendation of the Governance, Nomination and Remuneration Committee and board approval.
Current Managing Director and CEO Sashidhar Jagdishan's term ends on October 26, 2026, as he did not seek re-appointment for another term.
HDFC Bank's shares rose by 1.36% to close at ₹719.35 on October 1, 2026, after reaching a trading high of ₹721.45 and a low of ₹707.10.
