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The Economic Times

Veer Sharma

HDFC Bank shares rise 2% after appointing Anup Bagchi as new CEO, Q2 biz update. Buy, sell or hold?

Anup Bagchi HDFC Bank Citi Jefferies Morgan Stanley Sashidhar Jagdishan Veer Sharma SEBI

Shares of India’s largest private lender HDFC Bank gained 2% to thier day's high of Rs 734 on the BSE on Monday after appointing its new MD & CEO Anup Bagchi, who will take charge after Sashidhar Jagdishan's term ends on October 26.

Bagchi has already joined HDFC Bank's board as an Additional Director, effective October 2, for a three-year term as MD & CEO. Bagchi, an ICICI Group veteran with over three decades of experience, is currently the outgoing MD & CEO of ICICI Prudential Life Insurance.

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