Archive · 20 Jul 2026
HDFC Bank Board Discusses CEO Succession
HDFC Bank is looking for a new boss.
The current boss, Sashidhar Jagdishan, will finish his job in October.
The bank's special team, called the GNRC, is working to find a new boss.
They will suggest a new boss to the bank's board, who will then ask the RBI for permission.
The new boss will start after Jagdishan's term ends.
The bank wants a good team between the board and the new boss to help the bank grow.
HDFC Bank's board is discussing the appointment of a new MD & CEO.
The current MD & CEO, Sashidhar Jagdishan, will complete his term in October.
The GNRC, chaired by Harsh Kumar Bhanwala, is leading the selection process.
The new part-time chairman, Rajiv Kumar, recently approved Q1 earnings in his first board meeting.
The selected candidate will require RBI approval before taking office.
- Who
- HDFC Bank's Governance, Nomination and Remuneration Committee (GNRC) and the board of directors.
- What
- The appointment of a new managing director and chief executive officer (MD & CEO).
- When
- The incumbent MD & CEO, Sashidhar Jagdishan, will complete his term in October.
- Where
- The discussions are taking place within HDFC Bank's board and GNRC.
- Why
- To ensure a smooth transition of leadership as Jagdishan's term ends.
Current Leadership
New Leadership
Leadership Transition
Current Leadership
Sashidhar Jagdishan is completing his three-year term as MD & CEO.
New Leadership
The bank is actively seeking a new MD & CEO to replace Jagdishan.
- Current MD & CEO
- Sashidhar Jagdishan
- Term End Date
- October
- GNRC Chairman
- Harsh Kumar Bhanwala
- New Part-time Chairman
- Rajiv Kumar
- Selection Committee
- Governance, Nomination and Remuneration Committee (GNRC)
- Approval Authority
- Reserve Bank of India (RBI)