HDFC Bank Limited has received approval from the Reserve Bank of India (RBI) for the reappointment of Kaizad Bharucha as Whole-time Director and Deputy Managing Director, ensuring continuity in the bank’s senior leadership team.

Reappointment and Leadership Continuity

Kaizad Bharucha has been reappointed for a further term of three years, with the new tenure set to commence from April 19, 2026. The decision follows internal recommendations and requisite approvals and is aimed at maintaining stability in the bank’s executive management.

Bharucha has been a key member of HDFC Bank’s senior leadership and will continue to handle responsibilities aligned with his current portfolio during the extended term. The reappointment reinforces the bank’s focus on leadership continuity amid evolving market and regulatory conditions.

HDFC Bank Q3 FY26 Financial Performance

Alongside the leadership update, HDFC Bank reported a solid operational performance for the third quarter of FY26. The bank recorded total revenue of ₹1,26,927.27 crore, marking a 13.13% year-on-year increase and a 7.06% rise compared to the previous quarter.

Net profit for the quarter stood at ₹19,806.63 crore, reflecting a 12.18% increase over the same period last year and a marginal 1% sequential growth.

However, net profit margins moderated during the quarter, declining to 15.60%. This represented a reduction of 0.84 percentage points on a year-on-year basis and a sharper 5.66 percentage point fall compared to the preceding quarter, largely reflecting higher costs and margin pressures.

Summary

HDFC Bank has secured RBI approval to reappoint Kaizad Bharucha as Whole-time Director and Deputy Managing Director for another three-year term starting April 19, 2026, ensuring leadership continuity. The announcement comes alongside strong Q3 FY26 results, with double-digit growth in revenue and net profit, although profit margins moderated on both annual and sequential bases.

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