HDFC Bank CEO Jagdishan to step down after term ends in October

HDFC Bank Managing Director and Chief Executive Officer Sashidhar Jagdishan has decided not to seek reappointment as the bank’s MD & CEO and will retire from the bank on October 26, 2026, the company said in a BSE filing on Saturday.

Jagdishan conveyed his decision to the bank on August 29, according to HDFC Bank’s stock exchange disclosure. The bank’s board took note of his decision at a meeting held the same day.

“Despite persuasion, Mr. Jagdishan reiterated his decision to not seek reappointment,” HDFC Bank said in its disclosure. He will retire from the bank’s services at the close of business hours on October 26, 2026.