HDFC Bank Board Approves Kaizad Bharucha's Re-appointment as Deputy MD

The board of HDFC Bank today approved re-appointment of Kaizad Bharucha as deputy MD of the lender for a period of three years, subject to approval from the Reserve Bank of India (RBI), the bank said in an exchange filing. “We wish to inform you that based on the recommendations of Nomination & Remuneration Committee, the Board of Directors of the Bank at its meeting held today, has approved the re-appointment of Mr. Kaizad Bharucha as Deputy Managing Director of the Bank subject to approval of the Reserve Bank of India (“RBI”) for a period of 3 (three) years from such 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 Board of the Bank in 2014, and is the longest serving Executive Board member. He became the Deputy MD in April 2023. Prior to joining HDFC Bank, he worked with 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 Inclusive Banking Initiative group, Corporate Social Responsibility (CSR) and Environmental, Social & Governance (ESG) functions. Published on October 30, 2025