New Delhi, Oct. 27 -- HDFC Bank on Tuesday announced that Anup Bagchi has taken charge as its managing director and chief executive officer (MD and CEO), succeeding Sashidhar Jagdishan.
Bagchi, a veteran of the ICICI Group, becomes the first outsider to head the country's largest private sector lender in its more than three-decade history. He previously served as MD and CEO of ICICI Prudential Life Insurance.
His appointment comes at a challenging time for HDFC Bank, which is grappling with concerns over core income growth and margins, weighing on investor sentiment.
Speaking briefly during an earnings call that he attended, Bagchi said some aspects of the integration following the 2023 merger with parent HDFC Ltd, the housing finance ma...