HDFC Bank, India’s largest private lender, has submitted two undisclosed candidates to the Reserve Bank of India (RBI) for approval as managing director and chief executive officer, formally beginning the succession process for Sashidhar Jagdishan. Jagdishan, who has led the bank since 2020, is due to step down in October after completing his second term. The bank also reappointed V. Srinivasa Rangan and appointed Chief Credit Officer Jimmy Tata as whole-time directors, and plans to create a fourth such position for the incoming CEO.