Kaizad Bharucha (Banker) Age, Biography

Some Lesser Known Facts About Kaizad Bharucha

• After completing his formal education, Kaizad Bharucha began working at SBI Commercial and International Bank Limited.

• He worked there from 1986 to 1995.

• During this period, he gained experience in areas including trade finance and corporate banking.

• In October 1995, he started working at HDFC Bank, soon after the bank began its operations. This made him one of the early senior professionals at the bank.

• His experience in banking sector covered many areas, such as business, credit, risk management, wholesale banking, and retail banking.

• Kaizad Bharucha was then appointed as the Group Head of Credit and Market Risk of the bank.

• During this period, he set up the Risk Intelligence and Control function of the bank and helped take it from an idea to an operating system.

• He also played an important role in implementing Basel II, setting up the Treasury Mid-Office and developing Risk Adjusted Return on Capital (RAROC).

• During his period in wholesale banking, his work included Corporate Banking, Emerging Corporates, Business Banking, Healthcare Finance, Agri-Lending, Tractor Finance, Commercial Vehicle Finance, Commercial Equipment Finance, and Infrastructure Finance.

• In 2014, Kaizad Bharucha was appointed to the Board of HDFC Bank. He then became an Executive Director and one of the longest-serving executive directors in the history of the bank.
  

  Kaizad Bharucha during a conference

• In 2022, he was reportedly the highest-earning banker in India for the fiscal year 2021-22 among the other executives. His total remuneration for fiscal year 2021-22 was reported at Rs. 10.64 crore, including a Rs. 4.46 crore performance bonus.

• In April 2023, the Reserve Bank of India appointed Kaizad Bharucha as Deputy Managing Director of HDFC Bank, for a three-year period beginning 19 April 2023.

• He also served as a designated director for the Financial Intelligence Unit (FIU) and the Internal Ombudsman Committee.

• He is a Non-Executive Director, nominated by the Bank, on the boards of HDFC Life Insurance Company Limited, HDFC Capital Advisors Limited, and HDFC Securities IFSC Limited.

• Kaizad Bharucha has served on several committees and sub-committees of the Reserve Bank of India (RBI) and a government-appointed inter-ministerial committee. He regularly works with regulators and government bodies and shares his views on policies.

• Under his leadership, the CSR programme of the bank became one of the top three CSR programmes in the country. He is also the main sponsor of the Bank’s Diversity and Inclusion programmes.
  

  Kaizad Bharucha posing at his office

• As a co-chairman, he led an Integration Committee, which worked to ensure the smooth merger of HDFC Limited and the Bank.

• Kaizad Bharucha also led the the Capital Markets, Commodities, and Custody businesses of the bank.

• He often represents the Bank in meetings and discussions with regulators and government agencies.

• In February 2026, the Board of HDFC Bank reappointed Bharucha as Deputy Managing Director for another three years.

• In August 2026, the MD and CEO of HDFC Bank Sashidhar Jagdishan announced that he would quit his job. After that, HDFC Bank submitted two names to the RBI for consideration for the next MD and CEO.

• He likes playing squash in his free time. He had represented India at the junior level in squash.