Sashidhar Jagdishan to succeed Aditya Puri; brokerages bullish on HDFC Bank

HDFC Bank continued to gain ground at the bourses on Wednesday, a day after the bank named Sashidhar Jagdishan (Shashi) as their new managing director and chief executive officer (CEO) after Aditya Puri retires on October 26, 2020. The stock ended 3.81 per cent higher on the BSE on Tuesday at Rs 1,040.20 a piece, and added another 1 per cent in intra-day trade on Wednesday.

Most brokerages have given a thumbs-up to the development, saying the appointment of an internal candidate will make the transition and subsequent handling of operations at the bank easier. This is what leading