HDFC Bank appoints Anup Bagchi as MD and CEO for three years after RBI nod

•HDFC Bank appoints Anup Bagchi as MD and CEO for three years, effective October 27, 2026, after RBI approval.

•Bagchi succeeds Shashidhar Jagdishan, whose tenure ends on October 26, 2026, and has over three decades of experience in banking and insurance.

•He was previously MD and CEO of ICICI Prudential Life Insurance, where annualised premium equivalent rose 15% year-on-year to ₹10,407 crore in FY25.

•Bagchi's appointment comes at a critical juncture for HDFC Bank, which has faced governance-related developments since March.