RBI Approves Appointment of Kaizad Bharucha as Deputy Managing Director & Bhavesh Zaveri as Executive Director (ED) at HDFC Bank

Category : Appointment/Resignation Published on: April 22 2023

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The Reserve Bank of India (RBI) has approved the appointment of Kaizad Bharucha as Deputy Managing Director (DMD) and Bhavesh Zaveri as Executive Director (ED) of HDFC Bank Limited, one of India’s largest private sector lender, for a period of 3 years with effect from 19th April 2023.
Prior to this appointment, Kaizad Bharucha has been serving as the Executive Director of the HDFC Bank and Bhavesh Zaveri was serving as the Group Head – Operations, Cash Management & ATM Products at HDFC Bank.
Kaizad Bharucha has been a banker for over 35 years and is associated with the Bank since 1995.
Prior to joining HDFC Bank, he worked at SBI Commercial and International Bank in various areas including Trade Finance and Corporate Banking.
Bhavesh Zaveri has been associated with HDFC Bank since 1998.
He has an overall experience of 33 years. He has been a member of various Committees formed by the RBI and the Indian Banks’ Association.