Bank CEO

HDFC Bank faces a major leadership transition as several senior executives prepare to exit, with incoming MD & CEO Anup Bagchi tasked with rebuilding the bank's top management team.

Incoming CEO Anup Bagchi says his long-term goal is to deliver sustainable value for shareholders, employees and clients, while focusing on disciplined growth and governance

Bagchi will take charge on October 27, succeeding Shashidhar Jagdishan, as India's largest private sector lender navigates governance concerns and a leadership transition.

The new chief will need to revive retail and deposit growth, rebuild CASA, improve margins and strengthen investor communication after years of stock underperformance

Order of preference in which two names are submitted to RBI is critical

Rajiv Kumar urged HDFC Bank CEO Sashidhar Jagdishan to accelerate loan growth, step up technology investments and address legacy issues, sources said

HDFC Bank's weighting in the Nifty 50 has fallen to 9.81 per cent, narrowly ahead of ICICI Bank, as the CEO's exit and governance concerns deepen the lender's sell-off

Strict compensation norms and lack of succession planning are cited as key reasons

The appointment comes as large home financiers face intensifying competition from banks in lending for premium homes, while affordable housing has emerged as a more attractive market

How the CEO of GreyMarble Infra Pvt. Ltd. investing big on the line to elevate North India onto the global economic map

In the September quarter - the first under new chief executive Rajiv Anand - the bank reported a net loss as its loan and deposit portfolios shrank

IndusInd Bank shareholders voted against a promoter resolution seeking to appoint two nominee directors, even as they approved Rajiv Anand's appointment as MD & CEO

It's time for the RBI to revisit the process to clear the appointment of a bank CEO as well as the extension of their tenure

Two public sector banks, Punjab National Bank (PNB) and Indian Bank, will welcome new leaders at the start of the year as their current incumbents retire on December 31, 2024

Daruwala, who is one of the two female heads of large foreign banks in the country, joined the lender in 2016 as CEO for India

Das also highlighted the issue of high growth in personal loans, which has been an outlier among other categories. He also talked about banks' exposure to non-banking finance companies

HDFC Bank, under Jagdishan, took the challenge head on and went on war footing to plug the gaps

In the meantime, Dipak Gupta, the current joint managing director, will function as MD and CEO, subject to approvals

Net NPA reduced to Rs 2,700.29 crore in Q2FY23 from Rs 3,854.33 crore as on Q2FY22 and from Rs 3,103.82 crore as on Q1FY23

Broadly the trend we have seen is that retail is growing faster than corporate loans, said Chadha