After Sashidhar Jagadishan, Anup Bagchi takes cost as HDFC Financial institution MD and CEO
The financial institution credited Jagdishan with strengthening its efficiency, tradition and customer-centric method, and acknowledged his position in finishing one of many largest mergers in company India.
“The Financial institution wish to place on report its honest appreciation for the strategic imaginative and prescient and unwavering dedication demonstrated by Mr. Jagdishan all through his distinguished tenure. His stewardship has been instrumental in strengthening the Financial institution’s efficiency, tradition, and customer-centric method,” the submitting mentioned.
HDFC Financial institution additionally expressed gratitude for Jagdishan’s service and his affiliation with the lender over a number of many years.
Welcoming Bagchi, the financial institution mentioned: “The Financial institution warmly welcomes Mr. Anup Bagchi to his new position and appears ahead to his management in advancing the Financial institution’s strategic priorities.”
The financial institution mentioned the main points regarding Bagchi and Jagdishan, as required beneath Regulation 30, learn with Clause 7 of Paragraph A of Half A of Schedule III of the Securities and Alternate Board of India (Itemizing Obligations and Disclosure Necessities) Rules, 2015, and the SEBI grasp round dated January 30, 2026, had already been offered in an intimation dated October 1, 2026.
Following Bagchi’s appointment, and pursuant to Regulation 30(5) of the itemizing laws, HDFC Financial institution additionally named the important thing managerial personnel severally authorised to find out the materiality of occasions and knowledge beneath its coverage and make the required disclosures to the inventory exchanges.
The authorised officers are Bagchi as managing director and chief government officer, Kaizad Bharucha as deputy managing director, V. Srinivasa Rangan as government director, Srinivasan Vaidyanathan as chief monetary officer, and Ajay Agarwal as firm secretary. The management transition took impact on October 27, with Bagchi succeeding Jagdishan as HDFC Financial institution’s managing director and chief government officer after the latter accomplished his tenure.
