New Delhi, Oct. 1 -- The Reserve Bank of India (RBI) has approved the appointment of Anup Bagchi as the Managing Director & Chief Executive Officer of HDFC Bank for a period of three years, the bank said in an exchange filing on Thursday. The appointment is with effect from October 27, 2006.

Subsequently, the HDFC in a meeting of the Board of Directors of the Bank, the same day approved the appointment of Bagchi as MD and CEO.

The development came after the incumbent CEO and MD Shashidhar Jagdishan announced in August that he would not seek another term. His term will end on October 26.

Here is a timeline of events from Jagdishan's not seeking another term to Bagchi's appointment:

HDFC Bank's succession process began after incumbent M...