Leadership● Neutral for HDFC Bank
Nifty’s ailing warhorse HDFC Bank gets an all-rounder CEO. Can Anup Bagchi make the elephant dance?
The brief
- Anup Bagchi takes charge as HDFC Bank CEO
- The lender is seeking to revive deposit and loan growth, improve margins and unlock value
- HDFC Bank investors will watch whether leadership changes revive growth and improve margins
- HDFC Bank shares remain weak after Anup Bagchi’s CEO appointment
- HDFC Bank replaces ICICI Bank as top sector pick, says GreenEdge Wealth’s Digant Haria
- Sensex rallies over 600 points as Indian markets rebound after eight weeks of declines
- Anup Bagchi's Appointment Removes Key Overhang For HDFC Bank Stock, Supports Re-Rating, Say Brokerages
- HDFC Bank share price targets: What Jefferies, Nomura, Morgan Stanley say as Anup Bagchi named CEO
Anup Bagchi’s appointment as HDFC Bank CEO
HDFC Bank appointed Anup Bagchi as MD and CEO, ending succession uncertainty after Sashidhar Jagdishan decided not to continue. Analysts said the appointment removes a leadership overhang.
Monday, 5 October
- Nifty’s ailing warhorse HDFC Bank gets an all-rounder CEO. Can Anup Bagchi make the elephant dance?