Deputy Managing Director, HDFC Bank
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Mr. Kaizad M Bharucha

Mr. Kaizad M Bharucha is the Deputy Managing Director of the Bank with effect from April 19, 2023. A career banker with over 35 years of experience, he has been with the Bank since 1995.

 As DMD he oversees a broad spectrum of responsibilities within the Bank. He currently leads Corporate Banking, Emerging Corporates Group, Business Banking – Working Capital, Investment Banking, Rural Banking Group, Emerging Enterprises Group, Healthcare Finance, Sustainable Livelihood, Retails Assets, and Mortgage Business.

Additionally, Transportation, Tractor Finance and Infrastructure Group; Realty Business Finance are  under his charge. Mr. Bharucha also heads the Inclusive Banking Initiatives Group, Corporate Social Responsibility (CSR) and Environmental, Social and Governance (ESG) functions.

He joined the Board of the Bank in 2014. Over the span of his tenure as the Bank’s Executive Director, Mr Bharucha  managed diverse portfolios, including Corporate Banking, PSUs, Capital & Commodities Markets, Financial Institutions, Emerging Corporates Group, Business Banking, Healthcare Finance, Agri-Lending, Tractor Financing, Commercial Vehicle Finance, Commercial Equipment Finance, Infrastructure Finance, Department for Special Operations and Inclusive Banking Initiatives. 

Prior to that, as Group Head - Credit & Market Risk, he led the risk management activities at the Bank viz. Credit Risk, Market Risk, Debt Management, Risk Intelligence and Control Functions. 

As a member of the Board, his responsibilities include (but are not limited to), active review and engagement in the credit approval process; active review and engagement in the quarterly and annual Board meetings and AGM; presiding over and reviewing Business Continuity Plan (BCP) committee meetings, among several others.

Mr. Bharucha is also the Designated Director, Financial Intelligence Unit (FIU) and the Designated Director, Internal Ombudsmen Committee. He represents the Bank in various interactions with regulators and government agencies. He has represented the Bank as a member of the Working Group on banking related committees.

Prior to joining HDFC Bank, he worked in SBI Commercial and International Bank. Mr Bharucha holds a Bachelor's degree in Commerce (B.Com) from Sydenham College of Commerce and Economics (University of Mumbai).