Deputy Managing Director ​​​​​
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Mr. Kaizad M Bharucha

Mr. Kaizad Bharucha, aged sixty (60) years, is the Deputy Managing Director (DMD) of the Bank. 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 DMD, he oversees a broad spectrum of responsibilities within the Bank. Mr. Bharucha heads the Wholesale Banking, PSUs, MNC, Capital & Commodity Markets and Realty Business Finance, Mr. Bharucha also manages Inclusive Banking Initiative group, Corporate Social Responsibility (CSR) and Environmental, Social & Governance (ESG) functions. 

In his current role as DMD, he co-chaired and spearheaded the Integration Committee, which was tasked with the responsibility of ensuring complete integration for the smooth merger of HDFC Ltd. with HDFC Bank.  

Mr. Bharucha joined the Board of the Bank in 2014 and is its longest – serving Executive Board member. During his tenure as the Bank’s Executive Director, he managed diverse portfolios including Corporate Banking, Capital & Commodities Markets, Emerging Corporates, Business Banking, Healthcare Finance, Agri-lending, Tractor Financing, Commercial Vehicle Finance, Infrastructure Finance and Inclusive Banking Initiatives. 

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 also serves as the Designated Director for the Financial Intelligence Unit (FIU) and the Internal Ombudsman Committee. He has been a part of the Reserve Bank of India 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 serves as a Non-Executive Director on the Board of HDFC Life Insurance Company Limited, HDFC Capital Advisors Limited and HDFC Securities IFSC Ltd (Chairman).  

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