RBI clears Kaizad Bharucha’s re-appointment as Whole-Time Director of HDFC Bank

THEBUSINESSBYTES BUREAU

NEW DELHI, JANUARY 20, 2026

In a significant development underscoring leadership continuity at India’s largest private sector lender, HDFC Bank on Tuesday announced that the Reserve Bank of India has approved the appointment of Kaizad Bharucha as a whole-time director on the bank’s board.

In a regulatory filing, HDFC Bank said, "The RBI, vide its communication dated January 20, 2026, has given approval for the re-appointment of Mr. Kaizad Bharucha as the Whole-time Director (Deputy Managing Director) of the Bank for a further period of 3 (three) years w.e.f. April 19, 2026." The re-appointment ensures continuity at the top management level at a time when the bank continues to consolidate its leadership position in the Indian banking sector.

The approval from the country’s banking regulator reinforces confidence in Bharucha’s stewardship and his role in steering the bank through a rapidly evolving financial landscape marked by digital transformation, regulatory shifts and changing customer expectations. The decision also highlights the RBI’s endorsement of the bank’s governance framework and strategic direction.

Bharucha’s re-appointment is expected to provide stability and strategic consistency as the bank focuses on sustainable growth, innovation and enhanced operational efficiency.