HDFC Bank Appoints ICICI Veteran Anup Bagchi as MD & CEO
What Happened
HDFC Bank announced the appointment of Anup Bagchi, a long‑time ICICI Bank executive, as its new Managing Director and CEO, effective October 27, 2026. Bagchi succeeds Kaizad Bharucha, who had been serving as interim chief after the retirement of Sashidhar Jagdishan. Bagchi, with over three decades of experience in retail banking, corporate banking, and digital transformation, is expected to steer HDFC Bank through its next phase of growth.
Key Takeaways
The appointment marks a significant leadership transition for India’s largest private sector bank, bringing in an experienced ICICI veteran to strengthen HDFC Bank’s strategy in retail, corporate, and digital banking.