HDFC Bank has appointed Kaizad Bharucha as the Deputy Managing Director (MD) and Bhavesh Zaveri as the Executive Director of the bank for a period of 3 years, effective from April 19, 2023.

* The board of HDFC Bank had, on November 24, 2022, recommended the names of Bharucha and Zaveri to the Reserve Bank of India (RBI) for appointment to the board.

* Kaizad Bharucha is a career banker with experience of over 35 years. He has been with the bank since 1995. In his role as Executive Director, Bharucha was responsible for wholesale banking covering areas of corporate banking, PSUs, capital and commodities markets, financial institutions, custody, mutual funds, global capability centre and financial sponsors coverage. He had previously handled corporate banking, emerging corporates group, business banking, healthcare finance, agri lending, tractor financing, commerical vehicle finance etc.

* Bharucha has extensive experience in risk management, credit management, and banking and business management..

Source : Business Today