Kaizad Bharucha to Leave HDFC Bank on 31 December 2026 After Three Decades

Shantanu Thakur

20 Oct 2026

2 Min

Kaizad Bharucha, Deputy Managing Director of HDFC Bank, is set to step down at the end of 2026 after more than three decades with the bank. In a stock exchange announcement, HDFC Bank said its Governance, Nomination and Remuneration Committee and its board approved his resignation, subject to Reserve Bank of India (RBI) approval. Bharucha had also been nominated for the MD and CEO role, but Anup Bagchi was appointed MD and CEO for three years.

Who Is Kaizad Bharucha?

Kaizad Bharucha is an experienced Indian banker who has been with HDFC Bank since October 1995, when the bank was incorporated. He has held important roles in corporate, wholesale and select retail banking operations. Key points in his career:

October 1995: joins HDFC Bank
June 2014: appointed full-time director of the bank
April 2023: promoted to Deputy Managing Director
October 2026: requests cessation from service effective 31 December 2026, subject to RBI approval

His Contribution to HDFC Bank

Bharucha was especially known for building the bank's credit structure, including the framework for analysing borrowers, evaluating credit risk and taking lending decisions. The HDFC Bank board regards him as one of the architects of this system, which it considers a hallmark of the organisation. He also contributed significantly to the bank's corporate loan portfolio and continues to work in wholesale banking.

Why His Departure Matters

His exit is linked to a major leadership change at HDFC Bank. The board had nominated him for the Managing Director and Chief Executive Officer positions. However, the RBI appointed Anup Bagchi, who earlier worked in the ICICI Group and ICICI Prudential Life Insurance, for a three-year term starting 27 October 2026.

Bharucha's request to leave was approved by the bank's Governance, Nomination and Remuneration Committee on 16 October and by its board on 17 October 2026. The request is pending RBI approval.

Ques. I have lost my internet connection while taking an online test. Can I resume the online test series once the connection is back?

Ans. Yes, you can continue the test once your internet connection is back, the test will resume from where you had left.

Ques. I do not have a computer or a laptop. Is there any alternative through which I can take the online tests?

Ans. Yes, you can access every online test series through your mobile phone as well. You can download the Prepp App from the play store/ app store for a smoother process.

Ques. What happens if I get disconnected during a test?

Ans. If you get disconnected while attempting a test, all your data till the disconnection will get saved and you will be able to resume from the same state later. You are advised to keep the test window open in this case.

Ques. I have completed a mock test. When will I get my score?

Ans. On submission of your mock test, your score and rank would be immediately generated. The ranking is dynamic in nature and it would change as more users attempt that mock test.

Ques. Can I attempt a previous year test more than once?

Ans. A previous year test can be attempted as many times as time you wish and you can review the solutions and analysis of the attempted tests as many times as you want.

Ques. Do you also provide solutions for the questions?

Ans. Yes, detailed solutions will be available to you after you finish the test. You will be able to access these solutions anytime after you have taken the test.

Ques. Will I get any report card after the test?

Ans. Yes, you will get a detailed analysis of your performance after submitting the test.