Anup Bagchi takes charge as HDFC Bank's first outsider CEO

Anup Bagchi has taken over as Managing Director and CEO of HDFC Bank, India's largest private lender, the bank said on Tuesday. An ICICI Group veteran who previously led ICICI Prudential Life Insurance, he is the first outsider to head the bank in its over three-decade history. Predecessor Sashidhar Jagdishan left on Monday after completing his term.