Sashidhar Jagdishan to Retire as HDFC Bank CEO on October 26

Exam-focused facts from the 2 September 2026 current affairs briefing.

Key facts

Sashidhar Jagdishan will retire as Managing Director and CEO of HDFC Bank on October 26, 2026.
He will not seek reappointment, and the bank's board will fast-track the process of selecting his successor.
His retirement follows the resignation of part-time chairman Atanu Chakraborty in March 2026 over ethical differences.
Rajiv Kumar was appointed as the new chairman of HDFC Bank in July 2026.
Jagdishan was penalised by the bank's board in July 2026 for employees' actions on deposit rates for a state government agency.