HDFC Bank’s board today approved the reappointment of Kaizad Bharucha as the lender’s deputy managing director for a period of three years, subject to approval by the Reserve Bank of India (RBI), the bank said in an exchange filing.
“We would like to inform you that, based on the recommendations of the Nomination and Remuneration Committee, the Board of Directors of the Bank at its meeting held today has approved the reappointment of Mr. Kaizad Bharucha as Deputy Managing Director of the Bank, subject to the approval of the Reserve Bank of India (“RBI”), for a period of three (three) years from that date and for such period as may be approved by RBI and subsequently by the shareholders of the Bank,” the notice said.
Bharucha joined HDFC Bank in October 1995 and joined the bank’s board in 2014 and is the longest serving member of the Board of Directors. In April 2023, he became deputy MD. Before joining HDFC Bank, he worked at SBI Commercial and International Bank.
As Deputy MD, Bharucha currently heads the Wholesale Banking, PSUs, MNC, Capital & Commodity Markets and Realty Business Finance verticals, and also manages the Inclusive Banking Initiative group, Corporate Social Responsibility (CSR) and Environmental, Social & Governance (ESG) functions.
Published on October 30, 2025
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