Anup Bagchi appointed MD & CEO of HDFC Bank for 3 years, set to take charge from October 27
Anup Bagchi has been appointed as the new MD and CEO of HDFC Bank for a three-year term starting October 27, 2026. He succeeds Sashidhar Jagdishan, who is retiring after his term concludes.
Why it matters
As the leader of India's largest private bank, Bagchi's appointment is a significant transition that will influence the country's financial sector strategy.
Anup Bagchi has been appointed MD and Chief Executive Officer of HDFC Bank for a three-year term, effective October 27, 2026, after getting approval from Reserve Bank of India.Bagchi succeeds Sashidhar Jagdishan, whose term ends on October 26. In August this year, Jagdishan announced he was retiring and did not seek reappointment.Under India's banking rules, banks are required to recommend at least two potential candidates for the CEO position to the regulator.The bank had submitted the names of Deputy Managing Director Kaizad Bharucha and Bagchi to the RBI for approval, Reuters reported last month.All about Anup BagchiBagchi is a seasoned financial services leader with over three decades of experience across banking, capital markets, wealth management and insurance. A member of the ICICI Group since 1992, he has held several key leadership positions, including CEO and MD of ICICI Securities and Executive Director of ICICI Bank.
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