Archive · 31 Aug 2026
Kaizad Bharucha Emerges as HDFC Bank CEO Frontrunner
Kaizad Bharucha is a senior leader at HDFC Bank.
He became the bank’s deputy managing director in April 2023.
He has worked at the bank since 1995.
He has held many jobs, including leading corporate banking, mortgages and other financial businesses.
He also oversees social responsibility and environmental initiatives.
Bharucha is seen as a strong candidate to become the bank’s next CEO.
The current CEO, Sashidhar Jagdishan, plans to leave when his scheduled retirement arrives on 26 October.
HDFC Bank is also looking at candidates from outside the bank because of Reserve Bank of India rules.
Kaizad Bharucha has served as HDFC Bank’s deputy managing director since April 2023.
He joined HDFC Bank in 1995 and became an executive board member in 2014.
Bharucha oversees corporate banking, business banking, rural banking, mortgages, CSR and ESG functions, among others.
He is considered the leading internal candidate to succeed Managing Director and CEO Sashidhar Jagdishan.
HDFC Bank is also considering external candidates because Reserve Bank of India rules require multiple names to be submitted.
- Who
- Kaizad Bharucha, HDFC Bank, Sashidhar Jagdishan and the Reserve Bank of India.
- What
- HDFC Bank is considering a successor to Managing Director and CEO Sashidhar Jagdishan, with deputy managing director Kaizad Bharucha viewed as the frontrunner.
- When
- Bharucha became deputy managing director on 19 April 2023; Jagdishan is scheduled to retire on 26 October.
- Where
- At HDFC Bank in India.
- Why
- Jagdishan has not sought reappointment, prompting HDFC Bank to begin selecting his successor in line with Reserve Bank of India requirements.
- Current role
- Deputy Managing Director of HDFC Bank
- Appointed deputy managing director
- 19 April 2023
- HDFC Bank tenure
- Since 1995
- Executive board role
- Became a board member in 2014
- Experience
- Nearly four decades in banking
- CEO succession
- Considered the leading internal candidate to succeed Sashidhar Jagdishan
- Selection process
- HDFC Bank is also searching for an external candidate because multiple names must be submitted under Reserve Bank of India rules
