Stories
HDFC Bank Shares Fall 2.2% Amid Leadership Transition Focus
M
Moneycontrol•05-10-2026, 11:59
HDFC Bank Shares Fall 2.2% Amid Leadership Transition Focus
- •HDFC Bank shares reversed early gains, falling 2.24% to Rs705.05 despite positive leadership clarity and strong Q2 updates.
- •The Reserve Bank of India approved Anup Bagchi as HDFC Bank's new MD & CEO for a three-year term starting October 27, succeeding Sashidhar Jagdishan.
- •Bagchi's appointment, after 34 years with ICICI Group, aims to end leadership uncertainty and improve growth, margins, and investor confidence.
- •Motilal Oswal and PL India retained 'Buy' ratings, citing Bagchi's strong pedigree and the removal of leadership succession overhang.
- •HDFC Bank's Q2 update showed robust growth with gross advances up 16.3% YoY and deposits rising 18.8% YoY, providing a strong base for new leadership.
Key Questions Answered
The Reserve Bank of India has approved Anup Bagchi as HDFC Bank's new MD and CEO for a three-year term starting on October 27, succeeding Sashidhar Jagdishan.
HDFC Bank's Q2 update showed gross advances rising 16.3% year-on-year to Rs32.19 lakh crore, AUM increasing 15.3% to Rs33.07 lakh crore, and deposits growing by 18.8% to reach Rs33.27 lakh crore.
Under the new leadership, HDFC Bank's strategy will focus on rebuilding brand and trust, balance-sheet optimization, and future readiness, with a heightened emphasis on technology, digitisation, and customer service.
