{
  "id": 6917717,
  "title": "HDFC sends two names to RBI for new MD & CEO",
  "url": "https://urgent.news/2026/09/12/hdfc-sends-two-names-to-rbi-for-new-md-ceo",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-12T11:28:07.000Z",
  "source": {
    "name": "The Economic Times",
    "slug": "the-economic-times",
    "url": "https://economictimes.indiatimes.com/industry/banking/finance/banking/hdfc-bank-sends-two-names-to-rbi-for-jagdishans-successor-as-md-ceo/articleshow/134127792.cms"
  },
  "original_language": "en",
  "account": "HDFC Bank's board has recommended two names to the Reserve Bank of India for the positions of Managing Director and Chief Executive Officer. These appointments, including remuneration, are subject to RBI approval and will be valid for three years. The bank made this announcement following the resignation of Managing Director and CEO Sashidhar Jagdishan, who will retire on October 26. Jagdishan's decision came after months of uncertainty over his continued tenure, influenced by indications of a potentially shorter RBI tenure. The leadership transition aims to streamline succession planning at HDFC Bank. The board also approved the reappointment of V. Srinivasa Rangan as a Whole-time Director for an additional year and appointed Jimmy Tata as a Whole-time Director for three years. Additionally, the bank will add one more Whole-time Director position, increasing the total to four. The new Whole-time Director position will be filled after the incoming CEO takes charge. All appointments require shareholder approvals. None of the candidates are related to the bank's current directors or Key Managerial Personnel.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Business Standard IN",
        "title": "HDFC Bank's board approves two names for MD&CEO, sends shortlist to RBI",
        "url": "https://urgent.news/2026/09/12/hdfc-banks-board-approves-two-names-for-md-ceo-sends-shortlist-to-rbi",
        "published": "2026-09-12T12:09:48.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}