The New Indian Express ·
HDFC Bank sends two names to RBI for CEO post
MUMBAI: The board of HDFC Bank has sent in two undisclosed names to the Reserve Bank as possible candidates to succeed the incumbent managing director and chief executive Sashidhar Jagdishan, who last month said he was not interested in a third term after his current appointment ends late next month—a decision that came under duress as so many things went wrong under his watch in the recent past, forcing the board to keep delaying the discuss his reappointment.
Jagdishan’s tumultuous six-year tenure ends on October 26 this year.
“The board of the bank on Saturday approved the appointment process of the bank’s next managing director and chief executive by recommending two candidates to the Reserve Bank in order of preference,” the second largest bank said in an exchange filing Saturday, without disclosing the names, though insiders say Kaizad M Bharucha and Jimmy Tata are the most likely candidates.