HDFC Bank Appoints Anup Bagchi As New MD And CEO For Three Years
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HDFC Bank has appointed former ICICI Bank executive Anup Bagchi as its next Managing Director and CEO for a three-year term beginning 27 October 2026.
HDFC Bank has appointed former ICICI Bank executive Anup Bagchi as its next Managing Director and Chief Executive Officer (MD and CEO), with the Reserve Bank of India (RBI) approving his appointment for three years.
Bagchi will take charge from 27 October 2026, following the completion of Sashidhar Jagdishan’s tenure as HDFC Bank’s MD and CEO on 26 October.
At the close of trading on 01 October, the HDFC Bank share price stood at ₹721.20 on the National Stock Exchange (NSE), up 1.76%.
When Will Anup Bagchi Take Charge At HDFC Bank?
Mr Bagchi’s three-year term will run from 27 October 2026 to 26 October 2029, subject to shareholder approval. The RBI approved his appointment and remuneration on 1 October under Section 35B of the Banking Regulation Act, 1949.
HDFC Bank’s board has also appointed him as an additional director with effect from 2 October, subject to shareholder approval.
About Anup Bagchi
At 55, Bagchi has built a career spanning more than three decades in financial services. He joined the ICICI Group in 1992 and has held senior roles across banking, capital markets, wealth management and insurance.
His professional experience covers treasury, retail banking, wholesale banking, investment banking, capital markets and digital financial services.
Bagchi spent six years as an executive director at ICICI Bank from 2017 to 2023. He initially looked after the bank’s retail, business and rural banking operations and later moved to the wholesale banking business.
Bagchi also took charge of ICICI Securities as its managing director and CEO. He moved to ICICI Prudential Life Insurance in June 2023 as managing director and CEO, adding the insurance business to a career that has spanned several parts of the financial services sector.
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Vishwa has spent 10+ years across fintech and FMCG doing what most people miss, connecting the dots, catching trends before they trend, and finding the angle nobody else thought to ask about.
At Kotak Neo, she drives content strategy for neoshorts, Kotak News Desk, and Investing Guide, turning market noise into something worth reading.
When she's not decoding markets, she trades charts for canvases, chasing art, painting, and architecture across cities she's yet to explore.
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