Outgoing HDFC Bank chief Jagdishan touts resilient franchise as new CEO Bagchi takes helm
Shashidhar Jagdishan said he leaves HDFC Bank with a strong platform after navigating regulatory bans, the Covid crisis, a merger and governance issues, while incoming chief Anup Bagchi pledges disciplined growth and sustainable value.
In his final analyst briefing, Shashidhar Jagdishan highlighted the bank's ability to withstand regulatory embargoes, the pandemic, a complex merger and tightened monetary conditions, noting that earlier governance concerns have been settled. He emphasized that the institution remains robust as he steps down. Anup Bagchi, the newly appointed MD & CEO, outlined his long-term objective of delivering sustainable shareholder, employee and client value, focusing on disciplined expansion and strong governance practices.
Why it matters
The leadership change at India's top private bank could influence its strategic direction and market confidence.
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