HDFC Bank is likely to name Deputy Managing Director Kaizad Bharucha as one of two options for its next CEO after incumbent Sashidhar Jagdishan retires at the end of his second term in October, two people familiar with the matter said.
India's largest private lender is also searching for an external candidate in keeping with a central bank rule requiring banks submit multiple names for the CEO position, the people said, declining to be identified as the information was private.
