Stories
Anup Bagchi Appointed HDFC Bank's New MD & CEO; RBI Approves 3-Year Term
- •HDFC Bank board announced Anup Bagchi as the new MD & CEO for a three-year term, approved by RBI.
- •Bagchi, currently CEO of ICICI Prudential Life Insurance, brings over 30 years of experience from the ICICI Group.
- •His extensive background includes retail, corporate banking, treasury, data analytics, and leadership roles at ICICI Securities and ICICI Bank.
- •An IIT Kanpur and IIM Bangalore alumnus, Bagchi has served on SEBI and RBI committees, transitioning from engineering to banking.
- •He has received accolades such as the Distinguished Alumnus Award from IIT Kanpur and The Asian Banker Retail Finance Person of the Year Award.
Key Questions Answered
Anup Bagchi has been appointed as the new Managing Director and CEO of HDFC Bank for a term of three years, with approval from the Reserve Bank of India. He succeeds Sashidhar Jagdishan, whose second term concludes in October.
Anup Bagchi brings over 30 years of banking and corporate experience, having previously served as the CEO of ICICI Prudential Life Insurance Co. Ltd. and as MD and CEO of ICICI Securities. His extensive background spans retail banking, corporate banking, treasury, data analytics, and capital markets within the ICICI Group.
The HDFC Bank board approved the re-appointment of V Srinivasa Rangan as a Whole-time Director designated as an Executive Director for a term running from November 23, 2026, to November 22, 2027. Additionally, Jimmy Tata was approved as a Whole-time Director and Executive Director for a three-year period.
