HDFC Bank Shares Rise 2% After Anup Bagchi Named CEO
HDFC Bank shares rose 2% following the appointment of Anup Bagchi as the new MD and CEO, ending months of leadership uncertainty. Brokerages Jefferies, Morgan Stanley, and Citi maintained positive ratings, highlighting clarity on succession and potential for stock re-rating. The bank also reported strong loan and deposit growth in Q2, boosting investor confidence.
ET Markets·



