Kaizad Bharucha reappointed HDFC Bank (NYSE: HDB) Deputy MD

Rhea-AI Filing Summary

HDFC Bank Limited has approved the re-appointment of Mr. Kaizad Bharucha as Deputy Managing Director for a further term of three years, from April 19, 2026 to April 18, 2029, following a recommendation by the Governance, Nomination & Remuneration Committee.

The re-appointment will also be placed before shareholders for approval in due course. Mr. Bharucha, who joined the bank in 1995 and became Deputy Managing Director in 2023, has led key areas including wholesale and retail banking, risk management, inclusive banking initiatives, and major merger integrations.

Insights

Bank governance and risk analyst

Leadership continuity at HDFC Bank with Deputy MD reappointed for three years.

HDFC Bank’s board has approved re-appointing Kaizad Bharucha as Deputy Managing Director for a three-year term starting April 19, 2026, based on its Governance, Nomination & Remuneration Committee’s recommendation. This maintains an experienced executive in charge of critical lending, risk and business functions.

The narrative highlights his role in wholesale and retail banking, risk frameworks, BASEL II implementation, and large mergers, including the integration of HDFC Ltd with the bank. It also emphasizes his work in inclusive banking, government schemes and corporate social responsibility, positioning him as central to strategic execution.

The filing notes that shareholder approval will be sought, so the re-appointment is not yet final. Future company communications around shareholder consent and any changes to his responsibilities will further clarify how his extended tenure aligns with the bank’s long-term strategic priorities.

Form 6-K: How Foreign Companies Report to the SEC →

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 6-K

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16 under the

Securities Exchange Act of 1934

For the month of February, 2026

Commission File Number 001-15216

HDFC BANK LIMITED

(Translation of registrant’s name into English)

HDFC Bank House, Senapati Bapat Marg,

Lower Parel, Mumbai. 400 013, India

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F  ☒    Form 40-F ☐

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

				HDFC BANK LIMITED
				(Registrant)
Date: February 03, 2026				By:		/s/ Ajay Agarwal
				Name:  Ajay Agarwal
				Title:   Company Secretary    Group Head – Secretarial & Group Oversight

EXHIBIT INDEX

The following documents (bearing the exhibit number listed below) are furnished herewith and are made a part of this report pursuant to the General Instructions for Form 6-K.

Exhibit No. 99

Description

Outcome of the Board Meeting held on February 03, 2026

Exhibit 99

February 03, 2026

New York Stock Exchange

11, Wall Street,

New York,

NY 10005

USA

Dear Sir,

Sub: Outcome of the Board Meeting held on February 03, 2026

In continuation to our intimation dated January 20, 2026, we wish to inform you that pursuant to the recommendation of the Governance, Nomination & Remuneration Committee, the Board of Directors of the Bank, at its meeting held today, approved the re-appointment of Mr. Kaizad Bharucha (DIN: 02490648) as the Deputy Managing Director of the Bank for a period of 3 (three) years with effect from April 19, 2026 up to April 18, 2029 (both days inclusive). A brief profile of Mr. Bharucha is enclosed herewith as Annexure-I.

Mr. Bharucha is not related to any other Director or Key Managerial Personnel of the Bank. Further, he is not debarred from holding the office of a director, by virtue of any order passed by SEBI or any other such authority.

Please note that the approval of the shareholders of the Bank for re-appointment of Mr. Bharucha as the Deputy Managing Director of the Bank, would be sought in due course.

This is for your information and appropriate dissemination.

Kindly note that the Board meeting commenced at 4:00 p.m. and concluded at 4:30 p.m.

Yours faithfully,

For HDFC Bank Limited

Sd/-

Ajay Agarwal

Company Secretary

Group Head – Secretarial & Group Oversight

Annexure – I

Mr. Kaizad Bharucha joined the Bank in October 1995. He joined the Board of the Bank in 2014 and is the longest serving Executive Board member. He became the Deputy Managing Director in April 2023. Prior to joining the Bank, he has worked with SBI commercial and International Bank Ltd. from 1986 to 1995. Mr. Bharucha holds a bachelor’s degree in commerce (B. Com) from Sydenham College of Commerce and Economics (University of Mumbai).

Mr. Bharucha has been a key member of the leadership team in driving the strategic agenda of the Bank. His experience and contribution have been in the critical domains of Banking, i.e, Business (Wholesale and Retail), Credit (Wholesale and Retail) and Risk Management. Further he has also been instrumental in driving key initiatives mandated by the Government of India by heading Inclusive Banking Initiatives Group (IBIG).

Mr. Bharucha has played a transformational role in the domains he has led by designing policies, processes and frameworks to cater to the needs of an ever changing and dynamic banking environment. He has also been a key contributor in ensuring smooth integration in the mergers and acquisition activities of the Bank. Over the years Mr. Bharucha has also helped lead the Corporate Social Responsibilities initiatives of the Bank.

As Deputy Managing Director, Mr. Bharucha today is responsible for giving strategic direction to the Assets franchise of the Bank. This ranges from Retail Asset products like Home Loans, Auto Loans, Two-Wheeler Loans, Personal and Business loans, etc. to Rural Banking, Sustainable Livelihood, MSME, SME and the Transportation Group. In the Wholesale segment Mr. Bharucha oversees the Emerging Corporate Group, Healthcare Finance and Corporate Banking segments. Mr. Bharucha also led the Capital Markets and Commodities and Custody Business in his previous role. He also currently oversees the Corporate Social Responsibility, ESG and Inclusive Banking Initiatives Group.

Apart from Business, Mr. Bharucha has contributed greatly, during his career with the Bank, in formulating Credit and Risk Management Policies, Processes and defining the risk appetite across verticals. Mr. Bharucha was instrumental in setting up and overseeing the Risk Intelligence and Control (RIC) function of the Bank which he helped build from concept to implementation. Further Mr. Bharucha also led the implementation of BASEL II, the setting up of the Treasury Mid – Office and formulation of the RAROC (Risk Adjusted Return on Capital) which acts as a strong measure for capital efficiency. He has also played a key role in strengthening the collection architecture and giving a strategic direction to the Department of Special Operations to handle the recoveries from non-standard accounts.

His contribution has supported the Bank’s consistent growth, safeguarding its ability to navigate volatile economic conditions effectively. Today, the Bank is India’s largest private sector bank by Balance Sheet size in India with pristine asset quality.

Mr. Bharucha has also been a mentor and a key contributor in developing a leadership pipeline on an ongoing basis. He has also played a strategic role in driving Technology transformation especially in the Wholesale Business and Credit Functions. Under Mr. Bharucha’s leadership the Banks Corporate Social Responsibility has been ranked among the top 3 in the country. The bank contributed and continues to contribute significantly to community upliftment and sustainable development, aligned with its vision of empowering sustainable progress.

Under Mr. Bharucha’s leadership the Bank saw a significant growth in the key Government schemes including Pradhan Mantri Jan Dhan Yojana (PMJDY), Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Pradhan Mantri Suraksha Bima Yojana (PMSBY), Atal Pension Yojana (APY) and National Pension Scheme (NPS). The bank also did very well in initiatives such as Pradhan Mantri Mudra Yojana and Stand Up India and ranks 1st among all private sector banks in the Pradhan Mantri SVANidhi scheme.Over and above, the Bank contributed greatly in the Prime Minister Employment Generation Program (PMEGP) under the Ministry of MSME.

Among the many strategic Projects Mr. Bharucha has significantly contributed in the Bank’s merger and acquisitions journey. Mr. Bharucha was part of the core team that was instrumental in conducting due diligence for evaluation and integration of the merger of Times Bank in 1999 and Centurion Bank of Punjab in 2008.

Mr. Bharucha also co-chaired and spearheaded the Integration Committee, which was tasked with the responsibility of ensuring complete integration for the smooth merger of HDFC Ltd and the Bank. This was the largest merger in recent years in the country. Mr. Bharucha also serves as the Designated Director for the Financial Intelligence Unit (FIU) and the Internal Ombudsman Scheme.

Mr. Bharucha has also been part of Reserve Bank of India (RBI) committees, sub-committees as well as government appointed inter-ministerial committee. He also regularly engages with regulators and government bodies to provide views on policy.

Mr. Bharucha is a Non-Executive Director (Nominee of the Bank) on the boards of the following companies:

• HDFC Life Insurance Company Limited

• HDFC Capital Advisors Limited

• HDFC Securities IFSC Limited

Mr. Bharucha is a Member on the following Committees of the Board of the Bank:

• Stakeholders’ Relationship Committee

• CSR & ESG Committee

• Fraud Monitoring Committee

• Credit Approval Committee

• Committee for Resolution of NCLT Matters

FAQ

What did HDFC Bank (HDB) announce regarding Kaizad Bharucha?

HDFC Bank approved the re-appointment of Kaizad Bharucha as Deputy Managing Director for three years from April 19, 2026 to April 18, 2029. The move follows a board decision based on its Governance, Nomination & Remuneration Committee’s recommendation.

Is Kaizad Bharucha’s re-appointment at HDFC Bank (HDB) already final?

The board has approved Kaizad Bharucha’s re-appointment as Deputy Managing Director, but shareholder approval will be sought in due course. The decision therefore remains subject to shareholder consent, as is typical for senior board-level positions at large listed banks.

What roles has Kaizad Bharucha held at HDFC Bank (HDB)?

Kaizad Bharucha joined HDFC Bank in 1995, became an Executive Board member in 2014 and Deputy Managing Director in April 2023. He has led wholesale and retail business, credit, risk management, capital markets, custody, and inclusive banking initiatives over his long tenure.

Which business areas will Kaizad Bharucha oversee after re-appointment at HDFC Bank (HDB)?

As Deputy Managing Director, Kaizad Bharucha is responsible for the bank’s Assets franchise, including retail loans, rural banking, MSME and SME segments, and transportation. In wholesale, he oversees Emerging Corporate Group, Healthcare Finance and Corporate Banking, plus CSR, ESG and Inclusive Banking Initiatives Group.

How has Kaizad Bharucha contributed to HDFC Bank’s mergers and integrations?

Kaizad Bharucha helped evaluate and integrate major acquisitions such as Times Bank and Centurion Bank of Punjab. He also co-chaired the Integration Committee for the merger of HDFC Ltd with HDFC Bank, working to ensure smooth operational and strategic integration across businesses.

Is Kaizad Bharucha related to other HDFC Bank (HDB) directors or debarred by regulators?

The disclosure states that Kaizad Bharucha is not related to any other Director or Key Managerial Personnel of HDFC Bank. It also confirms he is not debarred from holding a director’s office by SEBI or any other authority.