The financial institution didn’t disclose the names of the candidates.
Indian banking guidelines require private-sector banks to acquire prior RBI approval for the appointment of their managing director and CEO, giving the regulator a key function in vetting senior administration.
Jagdishan, who has led the financial institution since 2020, is ready to step down on the finish of his second time period in October.
The financial institution additionally moved to bolster its board, reappointing V. Srinivasa Rangan as a whole-time director, a regulatory designation for full-time financial institution administrators, and appointing Chief Credit score Officer Jimmy Tata to the board in the identical capability.
Deputy Managing Director Kaizad Bharucha is already a whole-time director.
The financial institution additionally mentioned it could create a fourth whole-time director place, to be held by the incoming CEO as soon as appointed.
