Management5 Oct 2026 · Thu night
HDFCBANKHDFC Bank
HDFC Bank names Anup Bagchi MD and CEO for three years from 27 October
After RBI approval, HDFC Bank's board appointed Anup Bagchi as managing director and CEO, succeeding Sashidhar Jagdishan.
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- Sector
- Banking
What happened
- HDFC Bank's board met on 1 October and cleared Anup Bagchi's appointment as MD and CEO for three years, after the Reserve Bank of India approved it.
- Bagchi joins the board as an additional director from 2 October and takes charge as MD and CEO on 27 October 2026.
- He is currently MD and CEO of ICICI Prudential Life Insurance.
- He succeeds Sashidhar Jagdishan, whose term ends on 26 October; Jagdishan told the board in August he would not seek reappointment.
Why it matters
Good to know: At a bank, the RBI must approve the appointment of an MD and CEO before the board can confirm it.
Key facts
- Appointee
- Anup Bagchi
- Term
- Three years from 27 October 2026
- Joins board
- 2 October 2026 (additional director)
- Outgoing
- Sashidhar Jagdishan (term ends 26 October)
Read the source
This is a summary of public news about HDFC Bank, for information only. It is not a recommendation to buy, sell or hold HDFCBANK.
HDFC Bank in the news before
- 19 OCT 2026 · RESULTSHDFC Bank's Q2 profit rises 4.7% to ₹19,510 crore; Bagchi takes over as CEO on 27 October
- 4 SEP 2026 · DEALS & FUNDINGRaises nearly $12 billion through FCNR deposits