Anup Bagchi appointed HDFC bank CEO
HDFC Bank has confirmed the appointment of Anup Bagchi as its new managing director and CEO, effective October 27, 2026. With over three decades of banking experience, primarily at ICICI Group, Bagchi is set to replace Sashidhar Jagdishan, who served until October 26, 2026. His vision includes expanding HDFC Bank’s loan portfolio while supervising credit management. The Reserve Bank of India…
Mumbai-based HDFC Bank has named Anup Bagchi as its new managing director and CEO, following approval from the Reserve Bank of India (RBI). Bagchi's appointment is set to begin on October 27, 2026, replacing Sashidhar Jagdishan, whose tenure ends on October 26, 2026. The RBI granted approval under Section 35B of the Banking Regulation Act, 1949, and the bank's board has also approved Bagchi's induction as an additional director from October 2, 2026, pending shareholder approval.
With over 30 years of experience across various sectors within banking, Bagchi has spent most of his career at the ICICI Group, joining in 1992. During his tenure at ICICI Bank from 2017 to 2023, he led retail, business, and rural banking, overseeing the growth of the bank's retail loan portfolio and successfully navigating the demonetization period.
He also served as the chairman of ICICI Prudential Asset Management Company and held board positions in ICICI Prudential Pension Funds Management and ICICI Home Finance. His appointment will involve expanding HDFC Bank's loan book, managing credit-deposit dynamics, and leveraging synergies from the merged HDFC franchise.
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