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HDFC Bank has received approval from the Reserve Bank of India (RBI) for the appointment of Anup Bagchi as its Managing Director and Chief Executive Officer (MD & CEO) for a three-year term. According to the bank’s regulatory disclosure dated October 1, 2026, the RBI has cleared Bagchi’s appointment as well as the remuneration payable to him under Section 35B of the Banking Regulation Act, 1949. His three-year tenure will begin on October 27, 2026.