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The Economic Times
The Economic Times
Nikhil Agarwal

Nifty’s ailing warhorse HDFC Bank gets an all-rounder CEO. Can Anup Bagchi make the elephant dance?

HDFC Bank’s new CEO inherits a bank in need of a business reset, with the stock languishing 29% below its all-time high even as investors look for evidence that growth, margins and merger synergies can be revived.

The shares traded in the deep red on Monday at around Rs 701, compared with their NSE peak of Rs 1,020.50 on October 23, 2025. The stock has struggled after the reverse merger with parent HDFC Ltd, a slowdown in loan growth, pressure on deposits and concerns over leadership stability.

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