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HDFC Bank Deputy Managing Director Kaizad Bharucha has decided to step down after more than three decades with the lender, with his exit scheduled for December 31, 2026, subject to approval from the Reserve Bank of India (RBI)
HDFC Bank Deputy Managing Director Kaizad Bharucha has decided to step down after more than three decades with the lender, with his exit scheduled for December 31, 2026, subject to approval from the Reserve Bank of India (RBI).
The bank said in a regulatory filing that Bharucha had requested cessation of his services at the close of business on December 31.
The bank’s Nomination and Remuneration Committee and board of directors accepted his request at meetings held on October 16 and 17, respectively, and agreed to forward it to the RBI for approval.
In a press release, the bank credited Bharucha with playing a major role in its growth and institutional development.
It also recognised his contribution in building its credit framework, describing the bank’s credit architecture as one of its key strengths.
This is a developing story. Please check back for updates.
