India’s HDFC Bank is considering Deputy Managing Director Bharucha and an external candidate as possible choices for its next chief executive officer, according to sources familiar with the matter.

The bank is weighing its options as it prepares for a leadership transition.

Bharucha is among the internal candidates being considered for the top position. The bank is also looking at candidates from outside the institution

The final decision will be subject to the bank’s internal selection process and regulatory requirements.

HDFC Bank remains one of India’s largest private-sector banks. Its next CEO will be expected to lead the lender through its next phase of growth.

The leadership decision is expected to attract significant attention across India’s banking sector.

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