HDFC Bank Re-appoints Kaizad Bharucha as Deputy Managing Director

HDFC Bank, one of India's leading private-sector banks, has confirmed the re-appointment of Mr Kaizad Bharucha as Deputy Managing Director. The decision was made at a board meeting on October 30, 2025, following recommendations from the Nomination & Remuneration Committee. The re-appointment is subject to approval by the Reserve Bank of India (RBI), and is set for a 3-year term, with future approvals required from the Bank’s shareholders.

Key Details of Mr Kaizad Bharucha’s Re-Appointment

Mr Kaizad Bharucha, a long-serving member of HDFC Bank’s leadership team, first joined the bank in October 1995. He became the Executive Director in 2014 and was appointed Deputy Managing Director in April 2023. 

His leadership has been instrumental in the strategic growth and operational efficiency of the bank across various domains such as wholesale and retail banking, credit management, and risk assessment.

The re-appointment, pending RBI’s approval, ensures continued strategic direction under Mr Bharucha's leadership, who is also responsible for overseeing the bank’s retail and wholesale assets portfolio, corporate social responsibility (CSR), and inclusive banking initiatives.

Mr Bharucha’s Legacy and Contribution to HDFC Bank

Since joining HDFC Bank, Mr Bharucha has played a pivotal role in shaping its operations, especially in business expansion, risk management, and CSR. Under his leadership, HDFC Bank has maintained its position as India’s largest private-sector bank, known for its strong asset quality. Mr Bharucha has been particularly influential in driving key government initiatives like Pradhan Mantri Jan Dhan Yojana (PMJDY) and Stand Up India.

He has also contributed significantly to mergers and acquisitions, including the integration of Times Bank and Centurion Bank of Punjab, which helped strengthen HDFC Bank’s position in the market. His strategic input has supported HDFC Bank in navigating challenging economic environments, ensuring growth and sustainability.

Read More: Tata Trusts’ Mehli Mistry to Exit as 3 Vote Against Reappointment!

HDFC Bank Share Price Performance

On October 30, 2025, HDFC Bank share price opened at ₹1,000.00 on NSE, below the previous close of ₹1,007.85. During the day, it surged to ₹1,009.50 and dipped to ₹998.30. The stock is trading at ₹1,003.55 as of 11:31 AM. The stock registered a marginal change of -0.43%.

Over the past week, it has moved up by 0.88%, over the past month, it has moved up by 5.53%, and over the past 3 months, it has declined by 0.92%.

Conclusion

The re-appointment of Mr. Kaizad Bharucha as Deputy Managing Director of HDFC Bank highlights the bank's commitment to its strategic vision. His extensive experience and leadership capabilities have been integral to the bank’s growth and its ability to adapt to evolving market conditions. The re-appointment, subject to RBI’s approval, marks an important milestone in the ongoing development of HDFC Bank.

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