HDFC Bank CEO Jagdishan’s Reappointment: RBI Process
Why in the news
With his current term nearing its end in October 2026, HDFC Bank is preparing to decide on a fresh term for its chief executive.
Key facts
- Person: Sashidhar Jagdishan, Managing Director and CEO.
- Term ends: October 2026.
- Step 1: evaluation by the Nomination and Remuneration Committee (NRC).
- Step 2: final approval by the Reserve Bank of India.
Regulatory framework
- Banks must send board-cleared recommendations to RBI 5-6 months before the CEO’s term finishes.
- So the process should wrap up well ahead of October 2026.
Exam angle
- Committee involved: NRC.
- Final approving authority: RBI.
- Lead time under RBI norms: 5-6 months.