HDFC Bank, the country’s largest private-sector lender, has chosen to promote Kaizad Bharucha to deputy managing director and add Bhavesh Zaveri to the board as a full-time executive director.
The appointments are subject to the approval of the Reserve Bank of India (RBI).
Bharucha is the bank’s executive director (and a full-time board member) in charge of corporate lending, while Zaveri is the group head (operations and ATM products).
Paresh Sukthankar, the most recent deputy managing director, resigned in August 2018.
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