New Delhi: HDFC Bank Limited has announced that Sashidhar Jagdishan vacated the office of Managing Director and Chief Executive Officer (MD and CEO) at the close of business on 26 October, 2026, following the completion of his tenure.
Anup Bagchi assumed charge as the bank’s new MD and CEO with effect from 27 October, 2026, the bank informed the stock exchanges.
Bank Acknowledges Jagdishan’s Contribution
HDFC Bank placed on record its appreciation for Jagdishan’s leadership and commitment during his tenure. The bank credited his stewardship with strengthening its performance, organisational culture and customer-centric approach.
It also acknowledged his role in overseeing the completion of one of the largest mergers in corporate India and thanked him for his service and association with the bank over several decades.
The bank welcomed Bagchi to his new role and expressed confidence in his leadership as it continues to pursue its strategic priorities.
Key Managerial Personnel Updated
In a disclosure under Regulation 30(5) of the SEBI Listing Regulations, HDFC Bank updated the list of officials authorised to determine the materiality of events and information and make the required stock exchange disclosures.
The designated officials are Anup Bagchi, MD and CEO; Kaizad Bharucha, Deputy Managing Director; V. Srinivasa Rangan, Executive Director; Srinivasan Vaidyanathan, Chief Financial Officer; and Ajay Agarwal, Company Secretary.
The bank said detailed profiles of Bagchi and Jagdishan had been provided in its earlier intimation dated 1 October, 2026.
