In a key leadership update from the banking sector, regulatory approval has been secured for the continuation of a senior executive at one of India’s largest private lenders.
HDFC Bank on Tuesday confirmed that the Reserve Bank of India has approved the reappointment of Kaizad Bharucha as a whole-time director on the bank’s board. The approval reinforces continuity in the bank’s top management team.
In a regulatory filing, the bank said, “The RBI, vide its communication dated January 20, 2026, has given approval for the re-appointment of Mr. Kaizad Bharucha as the Whole-time Director (Deputy Managing Director) of the Bank for a further period of 3 (three) years w.e.f. April 19, 2026.”
Kaizad Bharucha currently serves as Deputy Managing Director and has been closely involved in the bank’s strategic and operational decision-making. The fresh approval allows him to continue in the role for another 3-year term starting April 19, 2026.
Following the announcement, shares of HDFC Bank ended the trading session higher. The stock closed at Rs 931.15, up 0.38 per cent compared to the previous close on the BSE.
The regulatory clearance comes at a time when leadership stability remains a key focus for large financial institutions amid changing market conditions and regulatory expectations.
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