Anup Bagchi Assumes Charge As MD & CEO of HDFC Bank; Sashidhar Jagdishan Completes His Tenure

HDFC Bank Limited appoints Anup Bagchi as Managing Director (MD) & CEO of the Bank, effective October 27, 2026. Sashidhar Jagdishan completes his tenure as MD & CEO of HDFC Bank Limited, effective October 26, 2026.

Bagchi is a seasoned financial services leader with over three decades of experience across banking, capital markets, wealth management and insurance. A member of the leadership team of ICICI Group since 1992, he has built a diverse career spanning treasury, retail banking, wholesale banking, investment banking, and digital financial services. Over the course of his career, he has held several pivotal leadership positions, including MD & CEO of ICICI Securities Limited, Executive Director of ICICI Bank Limited, and most recently MD & CEO of ICICI Life Insurance Limited (formerly ICICI Prudential Life Insurance Limited). His career reflects a track record of business building, strategic leadership, and navigating the evolving financial services landscape.

He served as an Executive Director of ICICI Bank from 2017 to 2023, overseeing retail, business and rural banking, and subsequently wholesale banking. Alongside his executive responsibilities, he served as Chairman of ICICI Prudential Asset Management Company Limited until May 2023 and was a Director of ICICI Prudential Pension Fund Management Limited and ICICI Home Finance Limited.

He holds a management degree from the Indian Institute of Management, Bangalore and an Engineering degree from the Indian Institute of Technology, Kanpur.

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