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The Reserve Bank of India has approved ICICI veteran Anup Bagchi to lead HDFC Bank. The appointment concludes a highly scrutinised CEO succession process for India's largest private lender.
The RBI is reviewing two elite executives for HDFC Bank's top post. The bank controls a staggering ₹43.98 lakh crore balance sheet. Sashidhar Jagdishan steps down in October 2026. A final regulatory ruling is expected within 7 to 10 days.
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