Anup Bagchi has assumed office as the MD & CEO of HDFC Bank for a 3-year term ending on October 26, 2029.
He succeeds Sashidhar Jagdishan. With an annual package of ₹36 crore, he is designated as the highest-paid bank CEO in India.
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Anup Bagchi has assumed office as the MD & CEO of HDFC Bank for a 3-year term ending on October 26, 2029.
He succeeds Sashidhar Jagdishan. With an annual package of ₹36 crore, he is designated as the highest-paid bank CEO in India.
Anup Bagchi has been appointed as the MD and CEO of HDFC Bank for a 3-year term starting October 27, 2026. He succeeds Sashidhar Jagdishan.
Anup Kumar Saha is appointed as the MD & CEO of Kotak Mahindra Bank Ltd for 3 years, starting January 2027. He succeeds Ashok Vaswani. Mahesh Muralidhar Pai has been appointed as the MD & CEO of the South Indian Bank for a 3-year term starting October 2026. He succeeds PR Seshadri.
The Ministry of Corporate Affairs (MCA) has organised the “PMIS Industry Awards 2026” in New Delhi to recognize partner companies participating in the Prime Minister Internship Scheme (PMIS). Mahindra & Mahindra Ltd was named the “Overall Industry Champion” during the ceremony.
HDFC Bank was conferred the “Pre-Internship Excellence Award”, and Shriram Finance Ltd received the “Internship Management Excellence Award”. Additionally, IBM India Pvt Ltd was recognized for “Innovation in Program Implementation”, while Power Grid Corporation of India Ltd (POWERGRID) was honoured for “Innovation in Exit Pathways”.
HDFC Bank has launched two new savings account variants, “Max for Seniors”, for senior citizens. and “Max for Her”, for women, to offer customized benefits.
The “Max for Seniors” variant offers cyber insurance coverage of up to ₹25,000 and a debit card-linked accidental death cover of up to ₹3.19 crore. The “Max for Her” variant provides an Auto Sweep facility for higher returns on surplus savings, along with a debit card-linked accidental death cover of up to ₹3.19 crore and an additional accident cover of up to ₹10 lakh.
HDFC Bank has appointed Rajiv Kumar as the part-time non-executive chairman for a period of 3 years. He succeeds the interim chairman Keki Mistry.
Additionally, he has been appointed as an additional independent director for a 4-year term, effective from June 30, 2026.
The RBI has approved the extension of the tenure of Keki Mistry as the Interim Part-Time Chairman of HDFC Bank Limited for a period of 3 months. He will continue in the position until 18 September 2026.
Vibha Padalkar has been re-appointed as the MD & CEO of HDFC Life Insurance for a 5-year term. Her tenure is scheduled to conclude in September 2031.