HDFC Bank shares rise 3% amid buzz over CEO Sashidhar Jagdishan’s reappointment; details here

According to various media reports, the country’s largest private-sector lender’s board is likely to approve the reappointment of Sashidhar Jagdishan as managing director and CEO for a third term, citing satisfactory performance and sound leadership decisions.

However, the bank has not commented anything on the matter.

Last month, HDFC Bank came under the limelight after its non-executive chairman, Atanu Chakraborty, abruptly resigned on March 18, citing differences over “values and ethics” – a ground that the management of the country’s second-largest lender said was baffling, as the former bureaucrat offered no specific instance despite repeated requests.

Keki Mistry, a veteran of the HDFC Bank Group, was appointed as the interim chairman following the resignation and said there may have been “relationship issues” between Chakraborty and the executive leadership but found no “substantive” concerns behind the departure.

Further, reports also suggested that the bank had asked three senior executives to leave the bank for their alleged involvement in the mis-selling of Credit Suisse’s Additional Tier 1 Bonds.

HDFC Bank share price

On Wednesday, shares of HDFC Bank were trading higher. At 1:25 PM, the bank’s shares were seen at ₹749.15 apiece on the National Stock Exchange, gaining 2.41%.

Over a month’s time, the stock has slipped over 15%, while it has tumbled 23% in the last six months. On a year-on-year basis, shares of HDFC Bank have fallen 15.5%. From the beginning of the year, the stock has tanked 25%.

Shares of the firm had hit a 52-week high of ₹1,020.5 on October 23, 2025, and a 52-week low of ₹726.65 on March 30, 2026. The stock has jumped 4% from its one-year low on Wednesday.

The bank has a total market capitalisation of ₹11.49 lakh crore, according to data on the NSE.