Incoming HDFC Bank CEO Anup Bagchi Faces Task of Rebuilding Senior Team Amid Veteran Departures
New MD & CEO Anup Bagchi must assemble a fresh top-management team as long-time executives, including Deputy MD Kaizad Bharucha, exit HDFC Bank.
HDFC Bank, India's biggest private lender, is undergoing a major leadership shift. Anup Bagchi has been appointed managing director and chief executive and is charged with forming a new senior management roster. The change comes as several veteran officers, notably Deputy Managing Director Kaizad Bharucha, will leave by the end of December after more than three decades with the bank. The departures signal a rapid turnover in the bank's upper echelons.
Why it matters
Leadership changes at India's top private bank could influence its strategy and affect investors.
In this story
HDFC Bankleadership transitionsenior executivesAnup BagchiKaizad Bharuchamanagement teamprivate-sector bankexecutive exitsdeputy managing directornew CEO
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