HDFC Bank shares rise 2% after appointing Anup Bagchi as new CEO, Q2 biz update. Buy, sell or hold?
- Posted on October 5, 2026
- By Business News Today
- 1 Views
- 1 min read
In brief
HDFC Bank's equity performance strengthened following the formal appointment of Anup Bagchi as Managing Director and Chief Executive Officer, resolving prolonged speculation about leadership succession. The strategic announcement has garnered endorsement from major financial institutions including Jefferies, Morgan Stanley, and Citigroup, all maintaining bullish outlooks on the stock. Concurrent quarterly results demonstrated robust expansion in loan disbursements and deposit mobilization, reinforcing investor confidence in the bank's growth trajectory and operational efficiency.
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HDFC Bank shares rise 2% after appointing Anup Bagchi as new CEO, Q2 biz update. Buy, sell or hold?
HDFC Bank shares rose after Anup Bagchi was appointed as the banks new MD & CEO, ending months of uncertainty over its top leadership. Brokerages Jefferies, Morgan Stanley and Citi retained positive ratings on the stock, citing clarity on succession and potential for a re-rating. The bank also reported strong loan and deposit growth in Q2.
