HDFC Bank deputy MD Kaizad Bharucha to step down in Dec 2026

HDFC Bank's board accepted deputy MD Kaizad Bharucha's resignation, effective December 31, 2026, after over three decades at the bank. The decision awaits RBI approval. His exit comes days before ICICI veteran Anup Bagchi takes charge as MD & CEO on October 27. The board also reappointed ex-RBI executive director Lily Vadera as independent director for three more years.