New Delhi, Oct. 1 -- HDFC Bank has appointed Anup Bagchi as its next Managing Director and Chief Executive Officer, bringing an end to the closely watched succession process at the country's largest private-sector lender.
The appointment follows approval from the Reserve Bank of India (RBI), with Bagchi set to take charge after the retirement of incumbent MD & CEO Sashidhar Jagdishan.
The RBI approved Bagchi's appointment and his remuneration on October 1, 2026.
HDFC Bank's board has appointed him as an Additional Director from October 2, while his three-year term as MD & CEO will begin on October 27, subject to shareholder approval.
Bagchi is a veteran of the ICICI Group and brings more than three decades of experience across banking, ...