HDFC Bank Dy MD Kaizad Bharucha quits; was in race for MD post
Kaizad Bharucha, Deputy Managing Director of HDFC Bank, resigned effective December 31, 2026, after over 30 years with the bank. He was a contender for the managing director and CEO position, but Anup Bagchi was recommended by the Reserve Bank of India. The leadership transition is crucial as HDFC Bank integrates its banking and mortgage operations post-merger.