More Stories

Informist, Thursday, Oct. 1, 2026

--HDFC Bank: Anup Bagchi to take over as MD, CEO from Oct 27 for 3 yrs 

--RBI OKs appointment of Anup Bagchi as HDFC Bank MD, CEO 

NEW DELHI – The Reserve Bank of India Thursday approved the appointment of Anup Bagchi as the managing director and chief executive officer of HDFC Bank Ltd. for a period of three years, the lender said in an exchange filing. His appointment takes effect on Oct. 27. 

Consequently, the Board of HDFC Bank Thursday also approved Bagchi's appointment as the bank chief and an additional director of the bank starting Friday, the lender said. 

On Aug. 29, Sashidhar Jagdishan, the current MD and CEO of India's largest private sector bank, said he would retire when his position when his term ends on Oct. 26. Jagdishan has been the bank's top executive since Oct. 27, 2020. The bank's former chairman Atanu Chakraborty resigned in March, citing practices that were not congruent with his personal values and ethics.

For the June quarter, the bank had reported a net profit of INR 190.60 billion on a total income of INR 921.84 billion. Thursday, shares of the bank closed at INR 721.20 apiece on the National Stock Exchange, up 1.76% from its previous close.  End

Reported by Radhika Tiwari

Edited by Deepshikha Bhardwaj

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.

Informist Media Tel +91 (11) 4220-1000

Send comments to feedback@informistmedia.com

© Informist Media Pvt. Ltd. 2026. All rights reserved.