HDFC Bank's Board has approved the re-appointment of Mr. Kaizad Bharucha as Deputy Managing Director for three more years, subject to RBI's approval. A seasoned banker with over 35 years of experience, Mr. Bharucha steers the bank’s assets franchise and key business segments, playing a pivotal role in strategic growth.
HDFC Bank Limited announced the re-appointment of Mr. Kaizad Bharucha as Deputy Managing Director (DMD) for a three-year term, pending approval from the Reserve Bank of India (RBI). Mr. Bharucha is the longest-serving Executive Board member since joining the bank in 1995 and was elevated to DMD in April 2023. This re-appointment underscores his critical contribution to the sustained growth and operational excellence of India’s largest private sector bank.
In his role, Mr. Bharucha oversees a broad portfolio including retail and wholesale assets, rural banking, MSME segments, healthcare finance, and inclusive banking initiatives. He has been instrumental in driving important policy formulation, risk management frameworks, and transformative initiatives such as Technology adoption, Capital Markets, and sustainable lending practices.
Recognized for his visionary leadership and deep banking expertise, Mr. Bharucha’s continued stewardship ensures HDFC Bank remains resilient amid evolving economic challenges and sets benchmarks in asset quality and customer service.
Key Highlights:
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Re-appointment of Kaizad Bharucha as Deputy Managing Director for 3 years.
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Steward of HDFC Bank’s asset franchise across retail, wholesale, and rural domains.
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Over 35 years banking experience with a key focus on risk, credit, and technology frameworks.
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Instrumental in government initiatives and corporate mergers integration.
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Drives Inclusive Banking, ESG, and sustainable livelihood projects.
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Supports HDFC Bank’s status as India’s largest private sector bank by balance sheet.
Sources: NSE Filing, HDFC Bank Official Release, Economic Times, Company Documents