HDFC Bank reappoints Kaizad Bharucha as DMD for 3 yrs

Mumbai: HDFC Bank on Thursday announced that its board of directors has approved the reappointment of Kaizad Bharucha as deputy managing director for a period of three years, subject to the approval of the Reserve Bank of India.

Bharucha, who was appointed as deputy managing director in April 2023, has been associated with the private sector lender since October 1995. He joined the board of directors in 2014 as an executive director and is currently the longest-serving executive board member.

In his role as deputy managing director, Bharucha is responsible for providing strategic direction to the bank's assets franchise, which spans retail asset products such as home loans, auto loans, two-wheeler loans, personal and business loans, as well as rural banking, sustainable livelihoods, micro, small and medium enterprises, and the transportation group. In the wholesale banking segment, he oversees the emerging corporate group, healthcare finance and corporate banking businesses.

Previously, Bharucha also led the Bank's capital markets, commodities and custody businesses.

Prior to joining HDFC Bank, he worked with SBI Commercial and International Bank Ltd. from 1986 to 1995.