Archive · 31 Oct 2025
HDFC Bank Board Approves Kaizad Bharucha's Reappointment as Deputy MD for 3 Years
The people in charge at HDFC Bank, a big bank, have decided to keep Kaizad Bharucha as their Deputy Managing Director.
They want him to continue in this important job for another three years.
This decision still needs to be approved by the Reserve Bank of India, which is like the boss of banks, and also by the people who own parts of the bank (the shareholders).
Kaizad Bharucha has worked at HDFC Bank for a very long time, starting in 1995.
He became Deputy Managing Director in April 2023.
In his role, he is responsible for many important areas like business banking, real estate finance, and also for making sure the bank does good things for the community and the environment.
HDFC Bank's board has approved the re-appointment of Kaizad Bharucha as Deputy Managing Director.
Bharucha's proposed reappointment is for a period of three years.
The decision is pending approval from the Reserve Bank of India (RBI) and the bank's shareholders.
Bharucha is responsible for Wholesale Banking, PSUs, MNC, Capital & Commodity Markets, Realty Business Finance, Inclusive Banking Initiative, CSR, and ESG functions.
Bharucha has been with HDFC Bank since October 1995, joined the Board in 2014, and became Deputy MD in April 2023.
- Who
- HDFC Bank's Board of Directors
- What
- Approved the re-appointment of Kaizad Bharucha as Deputy Managing Director for a three-year term.
- When
- October 30, 2025
- Where
- HDFC Bank
- Why
- To continue his role overseeing key business verticals and functions, based on recommendations from the Nomination & Remuneration Committee.
- Bank
- HDFC Bank
- Appointee
- Kaizad Bharucha
- Position
- Deputy Managing Director
- Proposed Tenure
- 3 years
- Approval Required From
- Reserve Bank of India (RBI) and Shareholders
- Bharucha's Start Date at HDFC
- October 1995
- Bharucha's Current Responsibilities
- Wholesale Banking, PSUs, MNC, Capital & Commodity Markets, Realty Business Finance, Inclusive Banking Initiative, CSR, and ESG functions
