HDFC Bank New CEO LIVE: Anup Bagchi Gets Top Job, To Succeed Sashidhar Jagdishan

By NDTV Profit

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HDFC Bank has appointed Anup Bagchi as its new Managing Director and Chief Executive Officer after receiving approval from the Reserve Bank of India. Bagchi has been cleared for a three-year term beginning October 27, 2026. NDTV Profit Bagchi will succeed Sashidhar Jagdishan, whose current term ends on October 26. The appointment concludes a closely watched succession process at India’s largest private-sector lender. HDFC Bank had sent two candidates to the RBI, with Bagchi representing the external choice and Deputy MD Kaizad Bharucha the internal candidate. NDTV Profit Bagchi is an ICICI Group veteran with around three decades of experience across financial services. He has served as MD & CEO of ICICI Prudential Life Insurance since 2023 and previously served as an Executive Director at ICICI Bank, handling businesses including wholesale banking, transaction banking and markets. The Economic Times Watch LIVE for the latest on Anup Bagchi's appointment, the leadership transition at HD

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