HDFC Bank appoints new executive director and deputy managing director

21 Apr 2023 , 07:47 AM

On Thursday, HDFC Bank announced the appointments of Bhavesh Zaveri as executive director for three years and Kaizad Bharucha as deputy managing director. 

According to a regulatory filing by HDFC Bank, the Reserve Bank of India gave its approval before these appointments could be made.

In a message dated April 19, 2023, the RBI accepted Kaizad Bharucha’s appointment as the bank’s deputy managing director for a period of three years, beginning on that date.

Additionally, it authorized Bhavesh Zaveri’s nomination as the bank’s executive director for a comparable period beginning on April 19, 2023.

Furthermore, it stated that a meeting of the Board of Directors would be called in due course to put the appointments into effect.

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