Latest news with #KaizadBharucha
Time of India
29-04-2025
- Business
- Time of India
IndusInd Bank to expedite search for a new CEO
MUMBAI: With the abrupt resignation of IndusInd Bank CEO Sumant Kathpalia , the bank's board is expected to accelerate its search for a new chief executive. Several high-profile executives from across the banking sector are being considered, including Kaizad Bharucha from HDFC Bank , Sandeep Batra and Anup Bagchi from ICICI Bank , and Pralay Mondal of CSB Bank . #Pahalgam Terrorist Attack The groundwork before India mounts a strike at Pakistan India considers closing airspace to Pakistani carriers amid rising tensions Cold Start: India's answer to Pakistan's nuclear threats The Reserve Bank of India ( RBI ) may also look at senior officials from the State Bank of India (SBI) to step into the role. ET had reported in March the IndusInd board has hired global executive search firm Egon Zehnder to assist in identifying candidates for both the CEO and deputy CEO roles. The firm is helping shortlist names and the bank plans to submit a list of three potential candidates to RBI once internal evaluations are complete. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 10 Things Flight Attendants Rarely Talk About, Plus Tips to Make Your Flights More Comfortable Enhancing In-Flight Comfort Kaizad Bharucha (58), a veteran at HDFC Bank since 1995, currently oversees the bank's wholesale banking operations, including corporate banking, PSU relationships, and capital and commodities markets. Another potential candidate from HDFC Bank is Rahul Shukla (55), who heads the corporate lending division and is currently on sabbatical. From ICICI Bank, Anup Bagchi (54), currently CEO of ICICI Prudential, is widely seen as a strong contender. Bagchi has held diverse leadership roles across retail, MSME, corporate banking, treasury, credit policy, and data analytics. Other ICICI executives in the mix include Sandeep Batra (58) - executive director, and Rakesh Jha (53) - head of retail banking. Live Events The board may also consider external candidates such as Rajiv Sabharwal (58), managing director of Tata Capital and a former ICICI Bank executive known for his leadership in retail and business banking. Vishakha Mulye (56), also an ICICI alumna and now CEO of Aditya Birla Capital , is another name likely to be in contention. Pralay Mondal (55), a seasoned retail banker and current CEO of CSB Bank, is also on the radar. Known for his tenure at HDFC Bank and for building Yes Bank's retail franchise from the ground up, Mondal brings deep retail banking experience to the table. From SBI, RBI may look at Vinay Tonse (60), the bank's head of retail operations, as a possible candidate to lead IndusInd. As reported by ET on March 13, RBI has directed IndusInd Bank's board to recommend at least two external candidates each for the roles of CEO and deputy CEO. On March 7, RBI had approved only a one-year extension to Sumant Kathpalia's term, which was set to end in March 2025. T This was the second time the regulator had shortened a proposed tenure, having previously approved only a two-year extension in 2023, despite the board's recommendation for three years.
Time of India
22-04-2025
- Business
- Time of India
HDFC Bank Parivartan to empower 1,000 villages with access to clean, renewable energy sols by 2025
New Delhi: Private sector HDFC Bank on Monday said it plans to empower 1,000 villages with access to clean and renewable energy solutions by 2025 under its CSR initiative called Parivartan . The bank's work in renewable energy aligns with this year's Earth Day theme, Our Power, Our Planet, which calls for global acceleration of clean energy adoption, HDFC Bank said in a statement. Under its pillar of natural resource management, HDFC Bank Parivartan has installed over 61,655 solar streetlights across 22 states, it said. It has also launched a range of solar initiatives that are enhancing rural life - from street safety to drinking water, farming, food processing and livelihood enhancement, it said. Recognising that infrastructure alone is not enough, HDFC Bank has developed Solar Shiksha , an awareness initiative designed to demystify solar energy adoption in semi-urban India, it said. Solar Shiksha addresses the lack of awareness, process barriers, and myths that often prevent adoption, it said, adding that the programme provides crucial education and practical demonstrations as well as information on government schemes and subsidies. Speaking about its initiatives, HDFC Bank Deputy Managing Director Kaizad Bharucha said, "Our solar energy initiatives under Parivartan are designed to bring real, measurable change - lighting up streets and homes, while also creating opportunities. On Earth Day, we reaffirm our commitment to scaling up such impactful models across India." The bank recognises that the democratisation of solar energy goes further than technological deployment, HDFC Bank Head (Corporate Social Responsibility) Nusrat Pathan said.
Time of India
21-04-2025
- Business
- Time of India
HDFC Bank Parivartan to empower 1,000 villages with access to clean, renewable energy sols by 2025
This is a representational image (Pic credit: PTI) NEW DELHI: Private sector HDFC Bank on Monday said it plans to empower 1,000 villages with access to clean and renewable energy solutions by 2025 under its CSR initiative called Parivartan . The bank's work in renewable energy aligns with this year's Earth Day theme, Our Power, Our Planet, which calls for global acceleration of clean energy adoption, HDFC Bank said in a statement. Under its pillar of natural resource management, HDFC Bank Parivartan has installed over 61,655 solar streetlights across 22 states, it said. It has also launched a range of solar initiatives that are enhancing rural life - from street safety to drinking water, farming, food processing and livelihood enhancement, it said. Recognising that infrastructure alone is not enough, HDFC Bank has developed Solar Shiksha , an awareness initiative designed to demystify solar energy adoption in semi-urban India, it said. Solar Shiksha addresses the lack of awareness, process barriers, and myths that often prevent adoption, it said, adding that the programme provides crucial education and practical demonstrations as well as information on government schemes and subsidies. Speaking about its initiatives, HDFC Bank Deputy Managing Director Kaizad Bharucha said, "Our solar energy initiatives under Parivartan are designed to bring real, measurable change - lighting up streets and homes, while also creating opportunities. On Earth Day, we reaffirm our commitment to scaling up such impactful models across India." The bank recognises that the democratisation of solar energy goes further than technological deployment, HDFC Bank Head (Corporate Social Responsibility) Nusrat Pathan said. Stay informed with the latest business news, updates on bank holidays and public holidays . Master Value & Valuation with ET! Learn to invest smartly & decode financials. Limited seats at 33% off – Enroll now!
Hans India
21-04-2025
- Business
- Hans India
HDFC Bank Parivartan to empower 1,000 villages with access to clean, renewable energy solutions by 2025
As the world marks Earth Day 2025, HDFC Bank reaffirms its commitment to sustainable progress by announcing a significant milestone under its flagship CSR initiative, Parivartan. The Bank will enable access to clean and renewable energy solutions to over 1,000 villages across India by 2025—empowering rural and semi-urban communities through innovative solar-powered infrastructure, awareness, and local partnerships. The Bank's work in renewable energy aligns with this year's Earth Day theme, Our Power, Our Planet, which calls for global acceleration of clean energy adoption. Under its pillar of Natural Resource Management, HDFC Bank Parivartan has installed over 61,655 solar streetlights across 22 states. It has also launched a range of solar initiatives that are enhancing rural life—from street safety to drinking water, farming, food processing and livelihood enhancement. Recognising that infrastructure alone is not enough, HDFC Bank has developed Solar Shiksha, an awareness initiative designed to demystify solar energy adoption in semi-urban India. Solar Shiksha addresses the lack of awareness, process barriers, and myths that often prevent adoption. The programme provides crucial education and practical demonstrations as well as information on government schemes and subsidies. By delivering educational materials in multiple regional languages, the program ensures accessibility and understanding across diverse communities To date, over 90 awareness workshops have been held across states such as Goa, Karnataka, Haryana, Delhi, Jammu & Kashmir, Maharashtra, Telangana, and Chhattisgarh—impacting over 3,000 individuals across 450+ communities. The programme reaches schools, public hospitals, orphanages, farming groups and old-age homes—places where solar can directly improve quality of life. It promotes the adoption of a wide range of solar solutions, including solar pumps, panels, cookers, stoves, streetlights, and water heaters. Speaking about its initiatives, Kaizad Bharucha, Deputy Managing Director, HDFC Bank, 'At HDFC Bank, we believe that the path to a sustainable future lies in inclusive development. Our solar energy initiatives under Parivartan are designed to bring real, measurable change—lighting up streets and homes, while also creating opportunities. By focusing on awareness, innovation, and community ownership, we are investing in a future that is equitable, resilient and green. On Earth Day, we reaffirm our commitment to scaling up such impactful models across India.' 'We recognise that the democratisation of solar energy goes further than technological deployment,' said Nusrat Pathan, Head – Corporate Social Responsibility at HDFC Bank. 'Our commitment extends beyond infrastructure development, focusing on the creation of a knowledge-driven framework that enables long-term, community-led energy independence.' Interventions in renewable energy across India Some innovative solar projects include portable solar pumps for efficient irrigation, solar-powered piped water supply systems, solar-powered food processing units that boost local economies, and solar heaters in homestays to enhance tourism income sustainably. These projects showcase the versatility and transformative potential of solar energy in diverse applications across the country. Here are some examples: In Raichur, Karnataka, solar streetlights have transformed pitch-dark roads into safer, navigable paths after sunset. As Huligudda, a beneficiary resident of Mattur village, shares: 'Our elders and children feel secure now, and small vendors can work longer hours. These lights have brought comfort and livelihood support, even during power outages.' Like Karnataka, HDFC Bank Parivartan has installed over 61,655 solar streetlights across 22 states. In the Palghar district of Maharashtra, the Bank partnered with CWAS and CRDF to install solar-powered mini piped water supply systems in the villages of Panshetpada and Jambhulichapada. Today, over 75 households have functional taps in their homes—reducing the burden on women and children who previously had to walk long distances to fetch water. In Karraguda village, Andhra Pradesh, a solar-powered lift irrigation system supports agro-ecological farming throughout the year, helping reduce seasonal migration and diversify crops. In nearby Peramvandlapalli, a solar-driven bio-resource centre automates the preparation of organic farming inputs like Drava Jeevamrutham, promoting natural farming across 940 acres. Meanwhile, in Maniga village, a solar-powered energy cart provides affordable irrigation and post-harvest processing support to smallholder farmers. Operated collectively, it reduces dependency on diesel and boosts local incomes. In the remote hamlet of Sobdar ki Basti in Barmer district of Rajasthan, a solar-powered water system draws drinking water from deep traditional Beri wells. The system has significantly alleviated water scarcity for over 880 villagers, enhancing resilience in this drought-prone region. In Khedi in Madhya Pradesh, the women-led enterprise Shri Radha Enterprise uses solar energy to run multiple micro-units—including a bakery, grain mill, and cattle feed operation. This project demonstrates the powerful convergence of clean energy with women's economic empowerment and self-reliance. In Krishnagiri, Tamil Nadu, solar fencing around 340 acres of farmland has dramatically reduced crop losses caused by wild animals, making vegetable farming viable again for 241 farmers. Further south, in the Nilgiris and Coimbatore, solar pumps are helping rehabilitate degraded land and enable year-round farming in rainfed regions—raising yields by up to 30%. In places like Pillur and Masinagudi, terrain-specific solar irrigation systems are enabling over 20 families to cultivate high-value crops like bananas while cutting diesel use and improving climate resilience. In Bheemraopally in Telangana, a farmer group has installed a shared solar irrigation system that has transformed 14 acres of rainfed land into fertile fields—tripling their income through crop diversification. In Nagaram village, Telangana, solar insect traps have helped reduce pesticide use by over 3,000 litres across 525 acres of chilli and vegetable farms—enhancing both productivity and health outcomes. In the tea-growing regions of the North-East, solar panels supported by HDFC Bank are reducing electricity costs and carbon footprints, while improving safety and production reliability for plantation workers. In the extreme climate of Ladakh, the Bank is supporting climate-adaptive solutions like passive solar greenhouses, solar-heated homestays, and apricot processing units powered -by solar dryers. These interventions are improving food security and boosting incomes in high-altitude, remote communities. HDFC Bank Parivartan remains dedicated to building inclusive, resilient communities. On this Earth Day, the Bank invites all stakeholders to come together and unlock the full potential of Our Power, Our Planet.
