BusinessAnup Bagchi Appointed HDFC Bank CEO-MD, Market Reacts Positively
The Reserve Bank of India approved Anup Bagchi as the new Managing Director and CEO of HDFC Bank, starting October 27, 2026, for a three-year term. Bagchi is an external leader chosen to steer the bank through post-merger integration, ending weeks of leadership uncertainty after Sashidhar Jagdishan's exit. Experts predict a positive impact on HDFC Bank shares and key indices like Sensex, Nifty 50, and Bank Nifty.
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