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VERIFIEDMint Markets·positive
HDFC Bank ADRs jump over 5% after Anup Bagchi appointed as MD & CEO for three years
AI Summary
- ·HDFC Bank ADRs increased by 5.4% following the appointment of Anup Bagchi as MD and CEO.
- ·The Reserve Bank of India approved Bagchi's appointment for a three-year term starting October 27, 2026.
- ·Anup Bagchi will succeed Sashidhar Jagdishan, who will not be seeking a third term.