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RBI approves appointment of Kaizad Bharucha as Deputy Managing Director and Bhavesh Zaveri as Executive Director of HDFC Bank

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The Reserve Bank of India has approved the appointment of Kaizad Bharucha as the Deputy Managing Director and Bhavesh Zaveri as Executive Director of HDFC Bank for a period of three years.

A meeting of the Board of Directors of the Bank will be convened in due course inter alia to give effect to these appointments.

Kaizad Bharucha is a career banker with over 35 years of experience. He has been associated with the Bank since 1995. In his current position as Executive Director, he is responsible for Wholesale Banking covering areas of Corporate Banking, PSUs, Capital & Commodities Markets, Financial Institutions, Custody, Mutual Funds, Global Capability Centre & Financial Sponsors coverage, and Banks coverage.

Bharucha has rich and extensive experience in Risk Management, Credit Management, Banking and Business management. Bharucha has previously been on the boards of HDB Financial Services

Bhavesh Zaveri is the Group Head – Operations, Cash Management & ATM Product of HDFC Bank. Zaveri joined the Bank in 1998 in the Operations function. He became Business Head – Wholesale Banking Operations in the year 2000 and was appointed as Group Head – Operations in 2009. In his current role, he is responsible for Business and Operations across the country and for creating and delivering a flawless operations execution capability across the diversified product suite of the Bank to the Corporate, MSME & Retail verticals including for Asset, for Liabilities and for Transaction Services of Payments & Cash Management, Trade Finance & Treasury, and ATM Product.


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