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The Economic Times

Veer Sharma

HDFC Bank share price target: What are Jefferies, 3 other foreign brokerages saying as CEO hunt intensifies?

HDFC Bank Jefferies HDFC Kaizad Bharucha Sashidhar Jagdishan Bernstein Nomura Macquarie RBI Anup Bagchi

HDFC Bank, India’s largest private lender, has submitted the names of two candidates to the RBI for the CEO role, formally beginning the succession process for Sashidhar Jagdishan, who is due to retire later this year. HDFC Bank shares rose 3% to Rs 727 on Tuesday.

While the lender has not named the two candidates, people familiar with the matter told The Economic Times that the bank's deputy managing director Kaizad Bharucha and an external candidate are on the list. ICICI Prudential Life CEO Anup Bagchi and Citi India CEO K Balasubramanian are among those being considered for the external candidate slot.

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