HDFC Bank Shares Gain as Anup Bagchi Named CEO, Ending Leadership Overhang
HDFC Bank shares rose about 2% after the lender appointed Anup Bagchi as its new managing director and chief executive officer, removing a key uncertainty that had weighed on investor sentiment for months. Brokerages including Jefferies, Morgan Stanley and Citi stayed constructive, arguing that leadership clarity and strong quarterly business momentum could support a further re-rating.
