In a notification to the stock exchanges, the private sector lender said that the appointments are subject to approvals from shareholders and the RBI. Sukthankar, who has been with HDFC Bank since its inception in 1994, would be its first DMD.
Prior to joining the private bank, he worked at Citibank for nine years in various functions, including corporate banking, risk management, financial control and credit administration. Bharucha used to work for SBI Commercial and International Bank.
He also serves as a director at International Asset Reconstruction Company of India, HDB Financial Services and HBL Global.