HDFC Bank Picks Anup Bagchi As Managing Director, CEO
The appointment will mark a leadership transition at HDFC Bank, with incumbent MD and CEO Sashidhar Jagdishan set to complete his tenure at the close of business on October 26, 2026.
Mumbai: HDFC Bank has announced Anup Bagchi as its new Managing Director and Chief Executive Officer, starting a three-year term from October 27, 2026. This marks a significant leadership change at the private sector bank. Bagchi succeeds Sashidhar Jagdishan, whose tenure ends on October 26. The Reserve Bank of India has approved Bagchi's appointment for three years, following a Board of Directors' meeting on October 1.
Bagchi will join the bank's board as an Additional Director from October 2. His appointment, including remuneration, complies with RBI's requirements. Bagchi, currently the Managing Director and CEO of ICICI Prudential Life Insurance, will replace Jagdishan, who announced he wouldn't seek another term after his current tenure ends.
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