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HDFC Bank CEO Sashidhar Jagdishan to Exit in 2026

By Business DeskHDFC Bank CEO Sashidhar Jagdishan to Exit in 2026

HDFC Bank MD & CEO Sashidhar Jagdishan will step down Oct 2026. Board begins successor search after Jagdishan cites ‘issues addressed’ as reason for departure.

Sashidhar Jagdishan, the Managing Director and CEO of HDFC Bank, has announced his decision not to seek reappointment, confirming his departure on October 26, 2026. The bank’s Board of Directors has acknowledged this move and will now fast-track the search for his successor.

The CEO’s Rationale

Jagdishan addressed his decision in an exclusive interview, stating that “With issues addressed, this is the best time to resign.” He reiterated his choice despite persuasion from the bank’s Board of Directors.

Tenure and Context

Jagdishan assumed the role of CEO in October 2020, succeeding Aditya Puri, who had led HDFC Bank since its inception in 1995. His potential reappointment had been a topic of considerable speculation within financial circles.

  • Jagdishan’s tenure began: October 2020
  • Predecessor Aditya Puri started: 1995
  • Non-executive chairman Atanu Chakraborty resigned in March, citing ethical and governance concerns.

With Jagdishan’s confirmed departure, the HDFC Bank Board faces the critical task of identifying new leadership to guide the institution forward. The process to select his successor is now set to commence rapidly.

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