Important StoriesHDFC Bank reports 5% increase in Q2FY27 standalone net profit at ₹19,510 croreIDBI Bank stake sale: FinMin cites High Court ruling, Budget speeches to reject irregularity claimsAxis Bank quarterly profit rises 37.6%, but misses estimates on higher costsICICI Bank Q2 net profit jumps 22% to ₹16,333 crIndia gets tariff reprieve as Trump waives Russian oil penalties, but the threat lingersFollow UsFOLLOW US ON WHATSAPPHomeGO BACK TO HOME THIS AD SUPPORTS OUR JOURNALISM. SUBSCRIBE FOR MINIMAL ADS. THIS AD SUPPORTS OUR JOURNALISM. SUBSCRIBE FOR MINIMAL ADS. HDFC Bank Deputy MD Kaizad Bharucha quits ahead of Anup Bagchi’s takeover The leadership change comes as the country’s largest private sector lender prepares for Anup Bagchi to assume charge later this month. By PTI Updated - October 17, 2026 at 04:57 PM. | Mumbai ×ShareWhatsAppXFacebookLinkedInMessengerRedditMailhttps://www.thehindubusinessline.com/money-and-banking/hdfc-bank-deputy-md-kaizad-bharucha-quits-ahead-of-anup-bagchis-takeover/article71596198.eceCopy HDFC Bank Deputy Managing Director Kaizad Bharucha | Photo Credit: ABC

HDFC Bank's Deputy Managing Director Kaizad Bharucha has quit, the country's largest private sector lender announced on Saturday.

Bharucha, who has been with the bank since 1995, "requested cessation" from service from December 31, the bank informed exchanges.

HDFC Bank reports 5% increase in Q2FY27 standalone net profit at ₹19,510 crore

The HDFC Bank board accepted Bharucha's request to be forwarded to the RBI for approval, it added.

The decision to quit comes days before rival ICICI Group veteran Anup Bagchi takes over as Managing Director and Chief Executive of HDFC Bank on October 27. He was reportedly in the race to be elevated as the MD and CEO.

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