HDFC Bank Appoints Kaizad Bharucha as Deputy Managing Director
Mumbai: HDFC Bank Limited has received approval from the Reserve Bank of India (RBI) for the re-appointment of Mr. Kaizad Bharucha as the Deputy Managing Director and Whole-time Director of the bank for a further tenure of three years, effective April 19, 2026.
The private sector lender disclosed the development to the BSE Limited and the National Stock Exchange of India (NSE) under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
RBI Approval Following Board Recommendation
According to the regulatory filing, the approval was granted by the RBI vide its communication dated January 20, 2026, following an application made by the bank based on the recommendations of its Governance, Nomination and Remuneration Committee and the Board of Directors.
Mr. Bharucha (DIN: 02490648) will continue to serve as Deputy Managing Director of HDFC Bank for an additional three-year term starting from April 19, 2026.
Key Leadership Continuity at HDFC Bank
The re-appointment underscores continuity in HDFC Bank’s senior leadership at a time when the bank continues to focus on growth, digital transformation, and operational stability. Mr. Bharucha plays a key role in the bank’s strategic and operational decision-making.
The disclosure was signed by Mr. Ajay Agarwal, Company Secretary and Group Head – Secretarial & Group Oversight, HDFC Bank Limited.