BusinessAnup Bagchi Appointed HDFC Bank CEO, Signaling Regulatory Preference
Anup Bagchi, an ICICI Bank veteran, has been appointed managing director and CEO of HDFC Bank, marking a regulatory trend of approving external candidates for private sector bank leadership. Announced on October 1, Bagchi was chosen over internal candidate Kaizad Bharucha. Experts suggest the RBI favors outsiders for independence and continuity. Similar appointments include Prashant Kumar at Yes Bank and Rajiv Anand at IndusInd Bank.
HT Business·

