HDFC Bank approves new MD & CEO appointment process, sends 2 names to RBI

HDFC Bank's board has approved the process to appoint its next Managing Director and CEO, including sending two preferred candidates and their proposed pay to the RBI for approval. The decision follows recommendations from the bank's Governance, Nomination and Remuneration Committee. The board also approved V Srinivasa Rangan's reappointment as Executive Director from November 23, 2026.