HDFC Bank announced that the re-appointment process for its Managing Director and CEO, Sashidhar Jagdishan, will be addressed by the bank’s nomination and remuneration committee in due course. The current tenure of Jagdishan is scheduled to conclude in October 2026. During a recent earnings call, Jagdishan expressed support for interim chairman Keki Mistry to continue in the role, pending board approval and regulatory procedures.
Deputy Managing Director Kaizad Bharucha confirmed that the committee will make the final decision on Jagdishan’s reappointment at the appropriate time. Additionally, an external firm has been tasked with reviewing the resignation letter of former chairman Atanu Chakraborty, with the findings set to be disclosed in the future. Chakraborty resigned citing ethical misalignment within the bank but clarified that his departure was unrelated to any misconduct.
Addressing concerns about the bank’s Dubai branch allegedly mis-selling Additional Tier-1 (AT-1) bonds, Jagdishan clarified that such instruments were not sold to retail customers, and investors were informed of the associated risks. Meanwhile, HDFC Bank reported an 8% year-on-year increase in consolidated net profit for the fourth quarter of FY26, reaching Rs 20,350 crore. The bank’s shares closed slightly higher at Rs 800 on the NSE.
