HDFC Bank veteran Kaizad Bharucha seeks to step down in 2026
In short
HDFC Bank Deputy Managing Director Kaizad Bharucha has asked to step down on 31 December 2026. The RBI has approved Anup Bagchi as CEO for three years starting 27 October.
Bharucha was also seen as an internal contender for the top job. The bank has not said who will replace him.
What the reporting says
HDFC Bank Deputy Managing Director Kaizad Bharucha has sought to step down on 31 December 2026 amid a leadership transition at the lender. The reporting says the RBI has approved Anup Bagchi’s appointment as CEO for a three-year term starting 27 October, and that Bharucha was previously among internal contenders for the top job. What remains unknown is whether the board has named a replacement for Bharucha.
Why it matters
HDFC Bank’s Deputy Managing Director Kaizad Bharucha has sought to step down on 31 December 2026, according to the reporting. The story comes during a leadership transition, with the RBI approving Anup Bagchi’s three-year CEO term starting 27 October, and with Bharucha having been among internal contenders for the top job. The development matters for succession planning at India’s largest private sector lender, but the reporting does not state a replacement.