India's HDFC Bank gains as CEO succession plan moves ahead

HDFC Bank

15/09/2026 06:49

** HDFC Bank's HDBK.NS shares rise 1.7% to 720.45 rupees after lender moves ahead with CEO succession process
** Bank submits names of two candidates to RBI to succeed Sashidhar Jagdishan, whose term ends Oct. 26
** Jefferies says swift board action could ease investor concerns and curb uncertainty around business momentum
** Nomura says an internal successor would ensure continuity, while a strong external hire could drive a strategic reset and re-rating
** Avg rating of 40 analysts on HDBK is "strong buy"; median PT is 976 rupees
** YTD, stock down 27.3% vs Nifty 50's .NSEI ~11% drop


 (Reporting by Kashish Tandon in Bengaluru)
 ((Kashish.tandon@thomsonreuters.com))