{"url":"https://newsforagent.com/news/2026-10-31/hdfc-bank-sanjay-dsouza-retirement","markdown_url":"https://newsforagent.com/news/2026-10-31/hdfc-bank-sanjay-dsouza-retirement.md","title":"HDFC Bank SME Head Sanjay D'Souza Retires After 27 Years","headline":"HDFC Bank Group Head Sanjay D'Souza Retires After Nearly 27 Years","description":"Sanjay D'Souza retired as HDFC Bank's Group Head of Business Banking and SME on October 31, 2026, ending a tenure of nearly 27 years at the bank.","section":"Leadership","published_at":"2026-10-31T17:23:58+00:00","modified_at":"2026-10-31T17:23:58+00:00","author":"News Desk","key_takeaways":["Sanjay D'Souza ceased to be a Senior Management Personnel of HDFC Bank on superannuation from the close of business on October 31, 2026.","D'Souza served HDFC Bank for nearly 27 years and was described by the bank as one of the key architects of its SME division.","Anup Bagchi assumed charge as HDFC Bank's MD and CEO on October 27, 2026, after Sashidhar Jagdishan vacated the office on October 26, 2026."],"companies":[{"name":"HDFC Bank","is_primary":true,"profile_url":"https://akta.pro/company-profiles/00003af/hdfc-bank","website":"https://www.hdfc.bank.in"}],"source":{"publisher":"ScanX","title":"HDFC Bank SME head Sanjay D'Souza retires after 27 years","url":"https://scanx.trade/stock-market-news/companies/hdfc-bank-sme-head-sanjay-d-souza-retires-27-years/55011095"},"other_sources":[],"tags":["Leadership","HDFC Bank"],"body_markdown":"Sanjay D'Souza retired as Group Head of Business Banking, Emerging & Micro Enterprises Group at HDFC Bank on October 31, 2026, after nearly 27 years at the bank. [ScanX](https://scanx.trade/stock-market-news/companies/hdfc-bank-sme-head-sanjay-d-souza-retires-27-years/55011095) reported the disclosure, which the bank filed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.\n\n## D'Souza's Exit From HDFC Bank\n\nD'Souza ceased to be a Senior Management Personnel of [HDFC Bank](https://akta.pro/company-profiles/00003af/hdfc-bank) upon superannuation from the close of business hours on October 31, 2026. The bank described him as one of the key architects of its SME division, with contributions spanning credit and business operations. HDFC Bank said that under his leadership it established a strong leadership position in the SME space. The filing recorded the bank's appreciation for his dedicated services over nearly three decades.\n\n## Anup Bagchi's Move To MD And CEO\n\nAnup Bagchi assumed charge as Managing Director and Chief Executive Officer of HDFC Bank effective October 27, 2026, following the completion of Sashidhar Jagdishan's tenure. Jagdishan vacated the office from the close of business hours on October 26, 2026. The bank credited Jagdishan with steering the completion of one of the largest mergers in corporate India and expressed appreciation for his strategic vision and commitment. Details on both executives were previously provided in an intimation dated October 1, 2026.\n\n## HDFC Bank's Funding And Scale Records\n\nAccording to akta.pro [company records](https://akta.pro/company-data), HDFC Bank raised $750 million in June 2026 through a five-year senior unsecured USD bond at a 5.067% coupon, priced at 90 basis points over US Treasuries. The same records list a September 2026 post-IPO debt raise of $12 billion and an August 2026 post-IPO debt raise of $1.8 billion. The records put total funding at $16.5 billion and describe HDFC Bank as India's largest private-sector bank, founded in 1994 and headquartered in Mumbai.\n\n## Earlier HDFC Bank Leadership And Business News\n\nOn October 25, 2026, HDFC Bank launched a flexi electric car loan offering differential loan tenors for the body and battery of EVs, BusinessLine reported. On October 26, 2026, The Times of India reported that HDFC Bank, ICICI Bank, Axis Bank, Yes Bank and Kotak Mahindra Bank had reported Q2 results, with HDFC Bank's profit rising 5% year-on-year. On October 31, 2026, ScanX reported that ACS Technologies' board approved an additional ₹30 crore credit facility from HDFC Bank, raising total sanctioned credit to ₹78.74 crore from ₹48.74 crore.\n","publisher":{"name":"News for Agent","url":"https://newsforagent.com"}}