RBI Approves Kaizad Bharucha as HDFC Bank Whole-Time Director from April 2026

• The Reserve Bank of India (RBI) has approved Kaizad Bharucha's appointment as HDFC Bank's whole-time director, effective April 19, 2026.
• This regulatory clearance is a significant board-level development for the private sector lender.
• Bharucha's appointment coincides with HDFC Bank's ongoing adjustments to its business and product offerings.
• Earlier, HDFC Bank reduced rewards on its premium Infinia credit card, effective January 16, cutting SmartBuy voucher rewards from 5X to 3X.
• Despite reward reductions, the Infinia card retains its premium annual fee, leading cardholders to re-evaluate its value.

Why It Matters: RBI approves Kaizad Bharucha as HDFC Bank's whole-time director amid the bank's strategic recalibrations.