HDFC Bank promotes Kaizad Bharucha to Deputy MD

25 Nov 2022 , 09:23 AM

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.