HDFC Bank's board approved deputy managing director Kaizad Bharucha's departure effective Dec 31 2026 and reappointed former RBI executive Lily Vadera as an independent director for a three‑year term.
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HDFC Bank chief executive Sashidhar Jagdishan said he will not seek reappointment and will retire on Oct. 26, 2026, as the board moves to appoint a successor amid recent regulatory scrutiny.
HDFC Bank is weighing an appeal against the NCLT's decision that obliges Essel Group founder Subhash Chandra to pay ₹6.25 crore as a personal guarantor, despite the plan being approved by a majority of creditors.