HDFC Bank’s board submitted two preferred candidates to the Reserve Bank of India (RBI) for the Managing Director and CEO roles. This move initiates the succession plan for current CEO Sashidhar Jagdishan, whose term concludes in October.
During the September 12, 2026 meeting, the board re-appointed V. Srinivasa Rangan as a Whole-time Director for a one-year term. Chief Credit Officer Jimmy Tata was appointed as a new Whole-time Director and Executive Director for a three-year period. Both appointments remain subject to RBI approval.
The board also established a fourth Whole-time Director position to strengthen oversight and long-term succession planning.