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The Economic Times

Business

HDFC Bank deputy MD Kaizad Bharucha to step down on December 31

Kaizad Bharucha HDFC Bank Anup Bagchi

HDFC Bank Deputy Managing Director Kaizad Bharucha has sought to step down from the bank, effective December 31, 2026, the lender said in an exchange filing on Saturday. This comes weeks after the Reserve Bank of India (RBI) approved Anup Bagchi to succeed Sashidhar Jagdishan as managing director and chief executive.

"Kaizad Bharucha, Deputy Managing Director, HDFC Bank has requested cessation from the service of the Bank with effect from the close of business hours on December 31, 2026," said the bank in its exchange filing.

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