The great succession test: India’s private banks face a C-suite countdown
Chief executive officers (CEOs) of five prominent private sector banks —HDFC Bank, ICICI Bank, Axis Bank, Kotak Mahindra Bank and IDFC First Bank—will require regulatory nod for another term. While the board of ICICI Bank has already approved a shorter-than-usual two-year term for CEO Sandeep Bakhshi, HDFC Bank’s Sashidhar Jagdishan is willing to serve another term. And there are no disclosures yet on the reappointment of Ashok Vaswani of Kotak, whose term ends in December 2026.
