HDFC Bank appoints ICICI veteran Anup Bagchi as its next CEO

The Economic Times reports that Anup Bagchi has been appointed HDFC Bank’s managing director and CEO. A three-decade ICICI Group veteran, he spent the past three years leading ICICI Prudential Life Insurance. The Reserve Bank of India approved a three-year term starting October 27, 2026, subject to shareholder approval. Bagchi is set to succeed Sashidhar Jagdishan, whose term ends October 26.