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HDFC Bank Gets New CEO, Share Price Down 30% in 2026: Will Trend Change Now?
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News18•02-10-2026, 15:01
HDFC Bank Gets New CEO, Share Price Down 30% in 2026: Will Trend Change Now?
- •Anup Bagchi appointed new MD and CEO of HDFC Bank, effective October 27, 2026, following RBI approval.
- •HDFC Bank shares fell by about 30% in 2026, marking the worst performance since 2008.
- •Anup Bagchi brings over three decades of experience in banking, capital markets, and insurance; previously MD and CEO of ICICI Prudential Life Insurance.
- •Investors will now focus on business updates, quarterly results, deposit growth, and loan growth.
- •Foreign institutional investor holdings decreased from 48.84% in June 2025 to 41.83% in June 2026.
Key Questions Answered
Following RBI approval, Anup Bagchi has been appointed as the new MD and CEO of HDFC Bank and will assume office on October 27, 2026, replacing Sashidhar Jagdishan.
So far in 2026, HDFC Bank's share has fallen by about 30%, marking its worst calendar year performance since the 2008 global financial crisis.
Anup Bagchi has over three decades of banking experience, having previously held senior positions at ICICI Securities and ICICI Bank, and most recently served as the MD and CEO of ICICI Prudential Life Insurance.
