Anup Bagchi is moving to head HDFC Bank. ICICI Life Insurance is replacing him with Sidharatha Mishra as the new MD & CEO of the company for five years. Mishra, also a ICICI veteran, with over 26 years with the bank, currently heads the digital channels & partnerships, voice channel, customer service, NRI & IFIG … Read more
The Reserve Bank of India has approved Anup Bagchi’s appointment for a three-year term starting October 27, 2026, succeeding Sashidhar Jagdishan. Bagchi would be joining from ICICI Prudential Life Insurance where he has been serving as MD & CEO since June 2023. He is an ICICI veteran who had joined the group way back in 1992. … Read more
The Bank has received RBI approval for Anup Kumar Saha as the Bank’s Managing Director & Chief Executive Officer for a period of three years, effective January 1, 2027. He had joined Kotak Mahindra Bank in January 2026, and is currently working as an Executive Director of the bank. He is currently looking after the Retail Bank, … Read more
HDFC Bank MD & CEO Sashidhar Jagdishan has decided not to seek reappointment when his current term ends on October 26. He had assumed the role on October 27, 2020, succeeding the long-serving founder-CEO Aditya Puri. It was always doubtful whether he will be able to fill in the tall shoes of Mr Puri. The … Read more
In a sudden announcement, the Company has announced that Mr Sudhir Sitapati has resigned and is replaced by Mr Aasif Malbari. It has been a surprise to everyone as – The change is immediate. No notice period. Five years back when Sudhir was appointed, market had cheered and had put it’s bet on him transforming … Read more
About two months ago, CEO Sachinder Bhinder was asked to leave by CVC Capital Partners, the majority stake owner in Aavas. Now, the Chief Financial Officer (CFO) Ghanshyam Rawat and Chief Risk Officer (CRO) Ashutosh Atre have tendered their resignations. In similarly worded letters, both have cited personal reasons for the resignation. These are two … Read more
The Company announced the appointment of Sanjay Rao as its new Managing Director and Chief Executive Officer. Rao joins from Nike, where he most recently served as Senior Director, Nike Retail, overseeing the France and Benelux markets. Prior to Nike, he worked with Inditex and played a key role in establishing Zara’s business in India … Read more
Kiran Mazumdar-Shaw, founder of Biocon, has indicated that she was preparing for a gradual leadership transition over the next five years. Her niece, Claire Mazumdar, is expected to eventually take over from her as chairperson of Biocon. Claire Mazumdar, 37 years of age, is a biotech specialist and currently heads Bicara Therapeutics as its founder … Read more
IndiGo CEO Pieter Elbers has stepped down from his role three months after the airline was hit by one of the worst flight disruptions in the Indian aviation history. The resignation is with immediate effect. The airline’s promoter Rahul Bhatia will assume the management of the airline in the interim, till the replacement is found.