HDFC Bank Ltd. said in an exchange filing on Saturday that CEO Sashidhar Jagdishan will not seek a third term despite efforts to persuade him and will formally retire after close of business on Oct. 26. The bank said governance concerns continue to dog it and its corporate governance practices are under heightened scrutiny as it continues to absorb the large merger with parent HDFC Ltd.

2026-08-29

HDFC Bank Ltd. said in an exchange filing on Saturday that CEO Sashidhar Jagdishan will not seek a third term despite efforts to persuade him and will formally retire after close of business on Oct. 26. The bank said governance concerns continue to dog it and its corporate governance practices are under heightened scrutiny as it continues to absorb the large merger with parent HDFC Ltd.