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Anup Bagchi takes charge as HDFC Bank CEO and MD, succeeds Jagdishan

Country's largest private sector lender HDFC Bank on Tuesday said that Anup Bagchi has taken charge as its managing director and chief executive. His predecessor, Sashidhar Jagdishan, vacated office on Monday after the completion of his term, the bank informed exchanges. Bagchi, an ICICI Group veteran, is the first outsider to head HDFC Bank in its over-three-decade history. His previous assignment was as the MD and CEO of ICICI Prudential Life Insurance. He joins HDFC Bank at a time when the lender is battling a slew of challenges, including ones on core income growth and margins, which have made investors wary. In brief comments on an earnings call which he attended, Bagchi said a part of the work on the bank's 2023 merger with housing finance major parent HDFC is yet to be executed and also announced that he will be meeting all the stakeholders to better understand the bank. Bagchi had also appreciated the strong and committed leadership at HDFC Bank, amid speculation over whe

Fund Review: HDFC Mid Cap Fund

Fund Review: HDFC Mid Cap Fund

HDFC Bank probe finds senior executives leaked secrets to outsiders

HDFC identified the executives during an internal investigation that began after some leaders grew concerned about the possibility of information being leaked

FCNR(B) deposit inflows weigh on private banks' margins in Q2FY27 results

HDFC Bank, ICICI Bank and Axis Bank report sequential declines in net interest margins as FCNR(B) deposits weigh on earnings, but expect recovery as funds are deployed

Fund Review: HDFC Large Cap Fund

Fund Review: HDFC Large Cap Fund

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Period-end deposits rose 4.9 per cent sequentially and nearly 19 per cent YoY to ₹33.27 trillion, while advances grew 16.3 per cent year-on-year

Building investor trust: Key task at hand for new HDFC MD and CEO

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

HDFC Bank MD and CEO choice key to ending succession uncertainty

Macquarie Research also described the board's move as a decisive step towards settling the leadership question.

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

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

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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

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Hulic, HDFC Capital make 1st joint investment in Mumbai residential project

The investment, made through their joint senior secured debt platform, is in a residential development project in western Mumbai, the companies said

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Sashidhar Jagdishan's six-year tenure at HDFC Bank was marked by regulatory setbacks, the HDFC merger, governance controversies and scrutiny of its Dubai operations

HDFC Bank's Sashidhar Jagdishan moots a 'clean slate' for successor

Challenges before India's largest private bank: From finding a new MD & CEO to reviving its margins

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The announcement on Saturday that Jagdishan - a three-decade HDFC Bank veteran - won't seek reappointment puts to rest months of speculation that he was eyeing an extension

HDFC Bank likely to name deputy MD Kaizad Bharucha, outsider for CEO

The CEO search comes after about six months of upheaval at HDFC Bank where leadership issues have weighed on its shares

HDFC Bank shares fall as US lawsuit adds to leadership succession concerns

Shares decline around 2 per cent as a US securities fraud class-action lawsuit and uncertainty over MD & CEO Sashidhar Jagdishan's succession weigh on sentiment

Uncertainty over CEO's term weighing on HDFC Bank's stock, says Macquarie

Clarity on HDFC Bank's leadership is crucial as the lender seeks to move past uncertainty marked by its former chairman's abrupt exitg and overnance concerns