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17.10.26 - 13:42
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HDFC deputy MD Kaizad Bharucha announces exit ahead of Anup Bagchi′s takeover as CEO (Times of India)
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HDFC Bank's Deputy Managing Director, Kaizad Bharucha, has announced his resignation, effective December 31. This move precedes Anup Bagchi's appointment as the new Managing Director and CEO. In the latest reports, HDFC Bank has demonstrated remarkable profitability shifts this July to September, reflecting improved asset quality and a surge in net profit. Bharucha's resignation awaits approval from the Reserve Bank of India, as it has been accepted by the board....
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09.10.26 - 03:36
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As HDFC Bank CEO, Bagchi set for 36 crore target pay (Times of India)
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Anup Bagchi will assume the role of MD and CEO of HDFC Bank on October 27. His target annual compensation is set at Rs 35.9 crore, with potential total pay reaching Rs 43.2 crore. The compensation package includes a fixed pay of Rs 9 crore and a variable pay component capped at Rs 26.9 crore. Bagchi's pay significantly surpasses his previous compensation at ICICI Prudential Life....
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06.10.26 - 03:24
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RBI swap scheme boosts private banks′ Q2 business numbers (Times of India)
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Private banks witnessed considerable credit and deposit growth in the second quarter of FY27. This growth was driven by the RBI's concessional dollar-rupee swap facility for FCNR(B) deposits. Major banks like Axis Bank, Kotak, and HDFC Bank reported varying growth figures, showing the impact of international branches. Although headline numbers appeared strong, underlying growth was more moderate after adjustments....
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05.10.26 - 02:24
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Anup Bagchi′s Act 1: Set HDFC house in order (Times of India)
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Anup Bagchi has been chosen as the new CEO of HDFC Bank after Sashidhar Jagdishan's decision not to continue. Bagchi's leadership will address critical issues within the bank, including leadership succession and regulatory concerns. He aims to recapitalize the brand while focusing on technology and customer service improvements. Additionally, he encounters challenges with insurance sales amid evolving distribution rules....
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