HDFC Bank has started the process to appoint its next managing director and chief executive officer by submitting two candidate names to the Reserve Bank of India (RBI) for approval. Multiple reports say the bank has provided the candidates’ names (in order of preference) to the central bank as part of its regulatory process.
The filings cited across outlets frame the move as the next step in a leadership transition plan. The current MD and CEO, Sashidhar Jagdishan, is reported to retire on October 26, prompting the bank to begin succession planning. One outlet also reports that HDFC Bank shares that the submission includes proposed remuneration details along with the names, and that the eventual CEO appointment is for a three-year term, subject to RBI approval.
Alongside the CEO selection, outlets also describe related board actions. Times of India and Free Press Journal report that the board sanctions promotion or reappointment moves for executive directors—specifically Jimmy Tata and V Srinivasa Rangan—while the RBI approval is still required for these leadership transitions. Overall, the differing angles focus on whether readers first see the CEO shortlist or the board-level executive director changes, but all point to the RBI as the final decision-maker.
