HDFC Bank has announced a leadership transition at the top. Effective October 27, 2026, Mr. Anup Bagchi has assumed the role of Managing Director & Chief Executive Officer (MD & CEO), succeeding Mr. Sashidhar Jagdishan whose tenure concluded on October 26, 2026. The bank expressed gratitude to Mr. Jagdishan for his contributions and welcomed Mr. Bagchi to lead its strategic priorities.
Leadership Transition at HDFC Bank
HDFC Bank Limited has officially announced a significant change in its leadership, with Mr. Anup Bagchi taking over as the new Managing Director & Chief Executive Officer (MD & CEO). This appointment is effective from October 27, 2026. The transition follows the completion of the tenure of the former MD & CEO, Mr. Sashidhar Jagdishan, who vacated his office at the close of business hours on October 26, 2026.
Appreciation for Former MD & CEO
The Bank extended its sincere appreciation to Mr. Sashidhar Jagdishan for his strategic vision and unwavering commitment during his tenure. His leadership was instrumental in strengthening the Bank’s performance, culture, and customer-centric approach. The bank also acknowledged his pivotal role in facilitating the successful completion of one of the largest mergers in corporate India. Profound gratitude was expressed for his exemplary service and long association with the Bank.
Welcome to New MD & CEO
HDFC Bank warmly welcomes Mr. Anup Bagchi to his new role as MD & CEO. The bank looks forward to his leadership in advancing the Bank’s strategic priorities. The necessary disclosures regarding this change have been made in accordance with applicable regulations.
Key Managerial Personnel Contact Details
In compliance with regulatory requirements, the contact details of the Key Managerial Personnel (KMP) authorized to determine the materiality of events and make disclosures to the Stock Exchanges have also been provided:
| Sr. No | Name of the KMP | Designation of the KMP | Contact Details |
|---|---|---|---|
| 1. | Mr. Anup Bagchi | Managing Director and Chief Executive Officer | Telephone: 022 6631 6000 |
| 2. | Mr. Kaizad Bharucha | Deputy Managing Director | Email: [email protected] |
| 3. | Mr. V. Srinivasa Rangan | Executive Director | |
| 4. | Mr. Srinivasan Vaidyanathan | Chief Financial Officer | |
| 5. | Mr. Ajay Agarwal | Company Secretary |
This information is provided for the purpose of dissemination and compliance.
Source: BSE
