HDFC Bank Managing Director and Chief Executive Officer Sashidhar Jagdishan has decided not to seek reappointment as the bank’s MD & CEO and will retire from the bank on October 26, 2026, the company said in a BSE filing on Saturday. 

Jagdishan conveyed his decision to the bank on August 29, according to HDFC Bank’s stock exchange disclosure. The bank’s board took note of his decision at a meeting held the same day.

“Despite persuasion, Mr. Jagdishan reiterated his decision to not seek reappointment,” HDFC Bank said in its disclosure. He will retire from the bank’s services at the close of business hours on October 26, 2026.

The HDFC Bank board said it would fast-track the process of selecting and appointing Jagdishan’s successor.

The board also placed on record his contribution to the bank’s growth and stability, as well as his role in the completion of what it described as “one of the largest mergers in corporate India”.

The board conveyed its best wishes to Jagdishan for his future endeavours.