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Anup Bhakshi took charge as HDFC Bank's new CEO today, succeeding Shashi Dhar Jagadeesan

By ScoutQuest · Tue 27 Oct 2026, 1:04 PM IST · 1 min read

HDFC Bank net profit growth

4.7 percent

ICICI Bank net profit growth

20.1 percent

HDFC Bank NII growth

9.7 percent

ICICI Bank NII growth

17.7 percent

Heard on business television between 13:04:53 - 13:07:53 IST.

• Anup Bhakshi became HDFC Bank's first CEO from outside its own ranks, a veteran of ICICI group with over three decades of experience.
• He inherits a bank still working through the HDFC Limited merger's impact on funding mix and profitability; loan growth and asset quality are strong but earnings growth has lagged.
• Comparison with ICICI Bank: HDFC Bank's net profit grew 4.7% versus ICICI's 20.1%, and net interest income grew 9.7% versus ICICI's 17.7%, though HDFC remains bigger in absolute earnings.
• Leadership transition also underway: deputy MD Kaizad Bharucha is set to leave by year-end and Puneet Sharma takes over as CFO in December.
• Bhakshi has said he wants to listen and understand the business before setting priorities; market will watch if he can close the earnings growth gap.

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