HDFC Bank and Kotak Mahindra Bank appoint new MDs and CEOs
Based on · First reported
Sources
- HDFC Bank named Anup Bagchi as its next managing director and chief executive, while Kotak Mahindra Bank appointed Anup Saha to the same roles.
- 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.