India's top private bank names new CEO
HDFC Bank, India’s largest private sector bank, announced the appointment of Anoop Bagchi as its new Chief Executive Officer for a three-year term, following approval from the Reserve Bank of India. Bagchi previously served as CEO of ICICI Prudential Life and held leadership positions at ICICI Bank. This appointment is part of the preparations to succeed the current CEO, Sashidhar Jagdishan, whose term ends in October 2026. The bank's shares had risen by 3.2% in September following the announcement of the candidate, despite a 27.2% decline in the stock since the beginning of 2026.
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