HDFC Bank and Kotak Mahindra Bank appoint new MDs and CEOs
HDFC Bank named Anup Bagchi as its next managing director and chief executive, while Kotak Mahindra Bank appointed Anup Saha to the same roles.1
Both executives will serve three‑year terms, with Bagchi taking over after the current MD's term ends on October 26 and Saha assuming office on January 1, succeeding the outgoing leaders; HDFC Bank's ADR rose 5.5% in early trading following the announcement.1