HDFC Bank appoints Kaizad Bharucha as deputy managing director

HDFC Bank has recently appointed two senior executives and their appointments have been approved by the Reserve Bank of India (RBI). Kaizad Bharucha has been appointed as Deputy Managing Director while Bhavesh Zaveri has been appointed as Executive Director for a three-year term starting from April 19, 2023. The bank has shared this information through a regulatory filing.

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Kaizad Bharucha is an experienced banker with over 35 years of work experience. He has been a part of HDFC Bank since 1995. Currently, he serves as an Executive Director and oversees the bank’s Wholesale Banking operations, which includes Corporate Banking, Capital & Commodities Markets, PSUs, Financial Institutions, Mutual Funds, Custody, Banks coverage, and Global Capability Centre. Before joining HDFC Bank, he worked with SBI Commercial and International Bank, where he handled responsibilities related to Corporate Banking and Trade Finance.

Bhavesh Zaveri is currently serving as the Group Head for Operations, Cash Management, and ATM Product at HDFC Bank. He is responsible for managing business and operations across India, ensuring seamless execution of operations across various product categories of the bank such as asset, liabilities, payments, cash management, trade finance, treasury, and ATM products. With over 36 years of experience, he has led critical functions such as Operations, Cash Management, and Technology at the bank.

Important takeaways for all competitive exams: 

• HDFC Ltd Founder: Hasmukhbhai Parekh;
• HDFC Ltd Founded: 1977;
• HDFC Ltd Headquarters: Mumbai.