MD & CEO transition: Anup Bagchi assumes charge, Sashidhar Jagdishan vacates office on tenure completion
HDFC Bank's MD & CEO changes hands.
By ScoutQuest · · 2 min read
- Outgoing MD & CEO vacated office
- Mr. Sashidhar Jagdishan vacated office at the close of business hours on October 26, 2026 on completion of tenure
- New MD & CEO assumed charge
- Mr. Anup Bagchi assumed charge as MD & CEO from October 27, 2026
What has changed
- Mr. Sashidhar Jagdishan has vacated the office of Managing Director and Chief Executive Officer of the Bank from the close of business hours on October 26, 2026, on account of completion of his tenure.
- Mr. Anup Bagchi has assumed charge as MD & CEO of the Bank effective October 27, 2026.
What the update records about the outgoing MD & CEO
The Bank has placed on record its appreciation for Mr. Jagdishan's strategic vision and commitment through his tenure. It states that his stewardship was instrumental in strengthening the Bank's performance, culture and customer-centric approach, and acknowledges his pivotal role in steering the successful completion of one of the largest mergers in corporate India. The Bank also expressed gratitude for his long association with the Bank over several decades.
The new MD & CEO
The Bank welcomed Mr. Anup Bagchi to the role and said it looks forward to his leadership in advancing the Bank's strategic priorities. The disclosures required under Regulation 30 in relation to Mr. Bagchi and Mr. Jagdishan were provided in the Bank's intimation dated October 1, 2026.
Other housekeeping
- In view of the appointment, and under Regulation 30(5), the Bank has listed the key managerial personnel severally authorised to determine materiality of events and information and to make disclosures to the stock exchanges.
- The list names Mr. Anup Bagchi (MD & CEO), Mr. Kaizad Bharucha (Deputy Managing Director), Mr. V. Srinivasa Rangan (Executive Director), Mr. Srinivasan Vaidyanathan (Chief Financial Officer) and Mr. Ajay Agarwal (Company Secretary).
- Shareholder contact shown against the MD & CEO: telephone 022 6631 6000 and email shareholder.grievances@hdfc.bank.in.
How to read this
A change at the top of a large private bank is a closely watched event. This is a continuation intimation that confirms the transition dates, records the Bank's comments on both leaders, and updates the list of officials authorised to decide which events are material and to disclose them to the exchanges.
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