Anup Bagchi Takes Charge as HDFC Bank MD and CEO
What Happened
Anup Bagchi assumed charge as Managing Director and CEO of HDFC Bank on October 27, 2026, succeeding Sashidhar Jagdishan, whose tenure ended on October 26. The Reserve Bank of India approved Bagchi's appointment on October 1 for a three-year term ending October 26, 2029. HDFC Bank's board approved the appointment, subject to shareholder approval under applicable law.
Key Takeaways
The leadership transition places former ICICI Prudential Life Insurance chief Anup Bagchi at the helm of India's largest private-sector bank, bringing extensive experience across banking, capital markets and insurance.