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HDFC Bank Shares in Focus: Anup Bagchi Appointed MD & CEO - Buy or Sell?
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CNBC TV18•05-10-2026, 08:38
HDFC Bank Shares in Focus: Anup Bagchi Appointed MD & CEO - Buy or Sell?
- •Anup Bagchi appointed as the new MD & CEO of HDFC Bank for a three-year term, succeeding Sashidhar Jagdishan.
- •Bagchi, an ICICI Group veteran, was previously MD & CEO at ICICI Prudential Life Insurance.
- •The appointment ends speculation about succession uncertainty and aligns with CNBC-TV18's newsbreaks.
- •HDFC Bank's Q2 provisional updates show deposit growth of 18.8% and gross advances growth of 16.8% year-on-year.
- •Brokerages like Jefferies, Bernstein, Macquarie, Nuvama, Citi, and Morgan Stanley maintain "buy" or "outperform" ratings, citing leadership clarity and strategic opportunities.
Key Questions Answered
Anup Bagchi has been appointed as the new MD and CEO of HDFC Bank for a three-year term following clearance from the Reserve Bank of India, succeeding Sashidhar Jagdishan.
During the September quarter, HDFC Bank's gross advances grew by 16.8% year-on-year, while deposit growth outpaced loan growth by reaching 18.8% from the previous year.
Anup Bagchi's appointment is for a three-year term starting after he joins the board as an Additional Director, bringing over three decades of experience from the ICICI Group where he served as the outgoing MD and CEO at ICICI Prudential Life Insurance.
