HDFC Bank Appoints Anup Bagchi as MD & CEO

HDFC Bank Limited has announced the appointment of Mr. Anup Bagchi as an Additional Director and as the Managing Director & Chief Executive Officer (MD & CEO) of the Bank. This appointment is in place of Mr. Sashidhar Jagdishan. The Reserve Bank of India (RBI) has approved Mr. Bagchi's appointment as MD & CEO for a period of three years, effective October 27, 2026, along with his remuneration. The Board of Directors, based on the recommendation of the Governance, Nomination and Remuneration Committee, approved his appointment as an Additional Director effective October 2, 2026, and as MD & CEO effective October 27, 2026, subject to shareholder approval. Mr. Bagchi brings over three decades of experience in financial services, including leadership roles at ICICI Group.