Leadership & Pay ·
Reserve Bank of India approves appointment of Anup Bagchi as HDFC Bank's new Managing Director and CEO
HDBHdfc Bank Ltd
HDFC Bank Limited announced that the Reserve Bank of India approved the appointment of Mr. Anup Bagchi as Managing Director and Chief Executive Officer, effective October 27, 2026, for a three-year term. This succession follows the retirement of outgoing MD & CEO Mr. Sashidhar Jagdishan on October 26, 2026. The Board also appointed Mr. Bagchi as an Additional Director effective October 2, 2026, subject to shareholder approval. Mr. Bagchi brings over three decades of experience in banking and financial services, previously serving as MD & CEO of ICICI Prudential Life Insurance and holding key roles at ICICI Bank. HDFC Bank Limited operates in the Indian banking sector, providing retail, wholesale, and corporate banking services.