Anup Bagchi appointed MD & CEO of HDFC Bank as ICICI Prudential Life names new leader
HDFC Bank has named Anup Bagchi, formerly MD & CEO of ICICI Prudential Life Insurance, as its new managing director and chief executive officer. He will assume the role on 27 October 2026 for a three‑year term after RBI approval. ICICI Prudential Life Insurance appointed Siddhartha Mishra as its new MD & CEO for a five‑year term, effective 14 October 2026 or upon IRDAI approval, succeeding Bagchi.
Why it matters
The leadership change at HDFC Bank could influence its post‑merger integration strategy, deposit mobilisation and loan growth, as noted by the bank’s board. ICICI Prudential Life’s new CEO will guide the insurer’s operations once IRDAI clearance is received, affecting its strategic direction.
Key facts
- 1Anup Bagchi will become MD & CEO of HDFC Bank on 27 October 2026. businessworld.in
- 2Bagchi’s appointment is for a three‑year term and has RBI approval. businessworld.in
- 3Bagchi joins HDFC Bank from ICICI Prudential Life Insurance, where he has been MD & CEO since 2023. businessworld.in
- 4Sashidhar Jagdishan will step down as MD & CEO on 26 October 2026. businessworld.in
- 5ICICI Prudential Life Insurance named Siddhartha Mishra as MD & CEO for a five‑year term, effective 14 October 2026 or upon IRDAI approval. businessworld.in
- 6Bagchi resigned from ICICI Prudential Life to join HDFC Bank, with his start date at the bank set for 27 October 2026 after RBI approval. businessworld.in
Summary written by AlphAI from 4 of 4 sources. Not investment advice. Figures are as stated by the linked sources.