Mr. Kaizad M Bharucha

Mr. Kaizad Bharucha, aged sixty (60) years, is the Deputy Managing Director (DMD) of the Bank. 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 DMD in April 2023. Mr. Bharucha holds a Bachelor’s degree in Commerce (B.Com) from Sydenham College of Commerce and Economics (University of Mumbai).

A career banker with more than 39 years of experience, he has been an integral part of the Bank since its inception in 1995. Among his several contributions in building the Bank, he has played a key role in building the credit and risk frameworks that underpin the Bank’s operations. These frameworks have supported the Bank’s consistent growth, safeguarding its ability to navigate volatile economic conditions effectively.

As Deputy Managing Director, Mr. Bharucha 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, Corporate Banking and Investment 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.

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.

Under his leadership, the Bank’s CSR Programme, is amongst the top three in the country. Mr. Bharucha is also the chief sponsor of Diversity and Inclusion initiatives at the Bank.

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 HDFC Life Insurance Company Limited, HDFC Capital Advisors Limited and HDFC Securities IFSC Limited.

Apart from HDFC Bank, Mr. Bharucha does not hold full-time position in any other company or body corporate.