HDFC Bank announces the re-appointment of Mr. Kaizad Bharucha as the Deputy Managing Director for a term of 3 years, effective from April 19, 2026, up to April 18, 2029. The decision follows the recommendation of the Governance, Nomination & Remuneration Committee and approval by the Board of Directors. Shareholder approval for the re-appointment will be sought in due course.
Leadership Continuity
The Board of Directors of HDFC Bank has approved the re-appointment of Mr. Kaizad Bharucha as Deputy Managing Director (DMD). The decision was made on February 3, 2026, following the recommendation of the Governance, Nomination & Remuneration Committee.
Re-appointment Terms
Mr. Bharucha’s term will be for three years, commencing on April 19, 2026 and concluding on April 18, 2029. This appointment ensures leadership continuity within the bank’s executive structure.
About Kaizad Bharucha
Mr. Bharucha, who joined the bank in October 1995, has been a key figure in shaping HDFC Bank’s strategic direction. As the longest-serving Executive Board member, he became the Deputy Managing Director in April 2023. His expertise spans business (wholesale and retail), credit, and risk management.
Key Contributions
Mr. Bharucha has played a pivotal role in several areas:
- Driving strategic initiatives and designing policies.
- Overseeing assets, including retail and wholesale products.
- Formulating credit and risk management policies.
- Leading the Risk Intelligence and Control function.
- Contributing to Corporate Social Responsibility.
Focus on Growth and Stability
Mr. Bharucha’s contributions have supported HDFC Bank’s growth and ability to navigate economic conditions. The bank recognizes his mentorship and role in developing a leadership pipeline.
Board Memberships
Mr. Bharucha also holds positions on the boards of:
- HDFC Life Insurance Company Limited
- HDFC Capital Advisors Limited
- HDFC Securities IFSC Limited
Source: BSE
