HDFC Bank CEO Sashidhar Jagdishan is set to retire at the close of business on October 26, 2026, when his term ends. The board announced the decision on August 30 and began an accelerated search for a successor to support a smooth leadership transition. Jagdishan has worked at HDFC Bank for nearly three decades, holding several senior roles before becoming CEO.
HDB Financial Services, an HDFC Bank subsidiary, is seeking shareholder approval by postal ballot to reappoint two independent directors. The ballot also seeks approval to appoint a nominee director from HDFC Bank.
A Form 6-K filing dated October 26, 2026, disclosed that HDFC Bank’s Governance, Nomination and Remuneration Committee granted 1,302,379 employee stock options on October 24, 2026.