RBI Approves Appointment Of Kaizad Bharucha And Bhavesh Zaveri A meeting of the Board of Directors of the Bank will be convened in due course inter alia to give effect to the appointments

By Teena Jose

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Company handout

The Reserve Bank of India has approved the appointment of Kaizad Bharucha as the deputy managing director of HDFC Bank and Bhavesh Zaveri as executive director of the bank for a period of three years, with effect from April 19, 2023. A meeting of the Board of Directors of the Bank will be convened in due course inter alia to give effect to the above-mentioned appointments.

Kaizad Bharucha is a career banker with over 35 years of experience. He has been associated with the Bank since 1995. In his current position as Executive Director, he is responsible for Wholesale Banking covering areas of Corporate Banking, PSUs, Capital and Commodities Markets, Financial Institutions, Custody, Mutual Funds, Global Capability Centre and Financial Sponsors coverage, and Banks coverage. Prior to joining the Bank, he worked in SBI Commercial and International Bank in various areas including Trade Finance and Corporate Banking.

On the other hand, Zaveri, who is the Group Head – Operations, Cash Management and ATM Product at the bank, has been associated with the private lender since 1998.

"In his current role, he is responsible for Business and Operations across the country and for creating and delivering a flawless operations execution capability across the diversified product suite of the Bank to the Corporate, MSME & Retail verticals including for Asset, for Liabilities and for Transaction Services of Payments & Cash Management, Trade Finance and Treasury, and ATM Product. He has an overall experience of over 36 years and has headed the critical functions of Operations, Cash Management and Technology at the Bank," said the bank in a statement.

Zaveri has worked for Oman International Bank and Barclays Bank before joining HDFC Bank.

Teena Jose

News Desk Reporter with Entrepreneur India

Teena is a post graduate in financial journalism. She has an avid interest in content creation, digital media and fashion.
Business News

JPMorgan Shuts Down Internal Message Board Comments After Employees React to Return-to-Office Mandate

Employees were given the option to leave comments about the RTO mandate with their first and last names on display — and they did not hold back.

News and Trends

Recur Club Announces Credit Offerings for Startups Beyond Series A and SMEs

In FY 24–25, the platform also plans to deploy an additional INR 2000 crores through its Recur Swift program for startups.

News and Trends

NeoSapien Secures INR 80 Lakhs on Shark Tank India 4 for AI Wearable

Founded in 2024 by Dhananjay Yadav and Aryan Yadav, NeoSapien aims to integrate AI into daily life through its wearable technology

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

News and Trends

Riceberg Ventures Launches $20 Million Fund to Support DeepTech Startups

The fund plans to invest in 25-30 startups globally, with an average ticket size of USD 0.5 million per investment

News and Trends

SEBI Clears JSW Cement's INR 4,000 Crore IPO

As per the Draft Red Herring Prospectus (DRHP), JSW Cement plans to allocate INR 800 crore from the fresh issue proceeds to partially finance a new integrated cement facility in Nagaur, Rajasthan.