The reported departure follows differences over the scale of changes sought at the bank. Kumar wanted an aggressive overhaul, including replacements of executives, while Jagdishan opposed some of the proposals. The report links that disagreement to the CEO’s decision not to pursue another term.

The account points to differing views between the chairman and chief executive on how the bank should be reshaped. It does not describe the individual proposals or identify which executive positions Kumar wanted changed. It also does not say which suggestions Jagdishan resisted.

With Jagdishan’s term due to finish next month, HDFC Bank faces a short window to find its next leader. The supplied report does not name a successor or set out a selection timetable. It also gives no specific calendar date for the end of his tenure.

For now, the central development is the impending leadership transition rather than a detailed announcement of organisational changes. The report describes pressure for an overhaul, but does not establish which proposed changes, if any, will ultimately go ahead.