HDFC Bank CEO Sashidhar Jagdishan to retire Oct 2026

HDFC BANK LTD (HDB) reported that Managing Director & Chief Executive Officer Mr. Sashidhar Jagdishan has decided not to seek re-appointment.

Rhea-AI Filing Summary

HDFC BANK LTD (HDB) reported that Managing Director & Chief Executive Officer Mr. Sashidhar Jagdishan has decided not to seek re-appointment. The Board of Directors noted his decision at a meeting on August 29, 2026. He will retire from the bank’s services at the close of business on October 26, 2026.

The Board acknowledged his leadership, including his role in completing one of the largest mergers in corporate India, and expressed appreciation and best wishes. The Board also decided to fast-track the process to select and appoint his successor well within time.

Positive

• None.

Negative

• CEO/MD departure announced: Managing Director & Chief Executive Officer Mr. Sashidhar Jagdishan will retire effective October 26, 2026, after deciding not to seek re-appointment, introducing leadership transition risk until a successor is appointed.

Key Figures

Retirement effective date: October 26, 2026 Board meeting date noting decision: August 29, 2026 Form month: August 2026

3 metrics

Retirement effective date October 26, 2026 Date on which Mr. Sashidhar Jagdishan will retire from the bank’s services

Board meeting date noting decision August 29, 2026 Date the Board of Directors noted Mr. Jagdishan’s decision not to seek re-appointment

Form month August 2026 Month for which the Form 6-K report of foreign private issuer was filed

Key Terms

Managing Director & Chief Executive Officer, Board of Directors, foreign private issuer, Form 20-F

4 terms

Managing Director & Chief Executive Officer financial

"decision to not seek his re-appointment as the Managing Director & Chief Executive Officer"

Board of Directors financial

"At its meeting held today, the Board of Directors took note"

The Board of Directors is a group of people chosen by a company's owners to help make big decisions and oversee how the company is run. They act like a team of advisors or managers, making sure the company stays on track and meets its goals. Their choices can influence the company's success and how it grows.

foreign private issuer regulatory

"Form 6-K Report of Foreign Private Issuer Pursuant to Rule 13a-16"

A foreign private issuer is a company organized outside the United States that meets tests showing it is primarily foreign-controlled and therefore qualifies for a different set of U.S. reporting rules. For investors, that means the company files less frequent or differently formatted disclosures with U.S. regulators and may follow home-country accounting and governance practices, so buying its stock is like dining at a well-reviewed restaurant that follows its home kitchen’s rules instead of the local menu — you get access but should check what standards apply.

Form 20-F regulatory

"whether the registrant files or will file annual reports under cover of Form 20-F"

Form 20-F is the standardized annual disclosure that non-U.S. companies must file with the U.S. securities regulator when their shares are traded in the U.S.; it contains audited financial statements, a plain-language description of the business, management discussion, governance details and key risk factors. It matters to investors because it provides a consistent, comparable company “report card” and rulebook, helping buyers assess financial health, governance and risks before investing.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What leadership change did HDFC BANK LTD (HDB) announce in this Form 6-K?

HDFC BANK LTD announced that Managing Director & Chief Executive Officer Mr. Sashidhar Jagdishan has decided not to seek re-appointment and will retire from the bank’s services at the close of business on October 26, 2026.

When will HDFC BANK LTD (HDB) CEO Sashidhar Jagdishan retire?

Mr. Sashidhar Jagdishan will retire from HDFC BANK LTD at the close of business on October 26, 2026, following his decision not to seek re-appointment as Managing Director & Chief Executive Officer.

How did HDFC BANK LTD’s board respond to Sashidhar Jagdishan’s decision?

The Board of Directors took note of Mr. Jagdishan’s decision on August 29, 2026, expressed deep appreciation for his leadership and contributions, and conveyed its best wishes for his future endeavors.

What succession plans did HDFC BANK LTD (HDB) disclose for its CEO role?

HDFC BANK LTD stated that the Board has decided to fast-track the process for selection and appointment of Mr. Sashidhar Jagdishan’s successor as Managing Director & CEO, intending to complete it well within time before his retirement.

What contributions of Sashidhar Jagdishan did HDFC BANK LTD highlight?

The Board highlighted Mr. Jagdishan’s commitment, leadership, contribution to growth and stability of the bank, and his role in the successful completion of one of the largest mergers in corporate India.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 6-K

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16 under the

Securities Exchange Act of 1934

For the month of August, 2026

Commission File Number 001-15216

HDFC BANK LIMITED

(Translation of registrant’s name into English)

HDFC Bank House, Senapati Bapat Marg,

Lower Parel, Mumbai. 400 013, India

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F  ☒   Form 40-F ☐

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

				HDFC BANK LIMITED
				(Registrant)
Date: August 29, 2026				By:		/s/ Ajay Agarwal
				Name:  Ajay Agarwal
				Title:   Company Secretary     Group Head – Secretarial & Group Oversight

EXHIBIT INDEX

The following documents (bearing the exhibit number listed below) are furnished herewith and are made a part of this report pursuant to the General Instructions for Form 6-K.

Exhibit No. 99

Description

Disclosure

Exhibit 99

August 29, 2026

New York Stock Exchange

11, Wall Street,

New York,

NY 10005

USA

Dear Sir,

Sub: Disclosure

We hereby inform that Mr. Sashidhar Jagdishan (DIN: 08614396) has conveyed today, his decision to not seek his re-appointment as the Managing Director & Chief Executive Officer (MD&CEO) of the Bank.

At its meeting held today, the Board of Directors took note of Mr. Sashidhar Jagdishan’s communication to not seek reappointment. Despite persuasion, Mr. Jagdishan reiterated his decision to not seek reappointment. Accordingly, he shall retire from the services of the Bank upon the close of business hours on October 26, 2026.

The Board deeply appreciated his commitment, leadership, contribution to the growth, stability of the Bank and his role in successful completion of one of the largest mergers in corporate India. The Board conveyed its best wishes to him in his future endeavors.

The Board decided to fast-track the process for selection and appointment of his successor well within time.

This is for your information and appropriate dissemination.

Yours faithfully,

For HDFC Bank Limited

Sd/-

Ajay Agarwal

Company Secretary

Group Head – Secretarial & Group Oversight

Filing Exhibits & Attachments

1 document

Press Releases

• EX-99 EX-99 3.5 KB