Anup Bagchi Takes Charge as HDFC Bank’s CEO and Managing Director
The largest bank in India, HDFC bank, now has a new CEO and MD. Anup Bagchi takes charge as HDFC Bank’s newly appointed Chief Executive Officer and Managing Director. The bank announced on Tuesday that Anup Bagchi had assumed leadership.
According to PTI, the bank informed exchanges that Sashidhar Jagdishan, his predecessor, resigned on Monday after the end of his term. Anup Bagchi is the first non-HDFC bank employee to oversee the organisation in its more than three decades of history. He formally worked for ICICI Bank.
He was the MD and CEO of ICICI Prudential Life Insurance before this role. In a nutshell, Mr. Bagchi stated at an earnings meeting that some of the bank’s 2023 merger with housing finance major parent HDFC’s work is still pending and he promised to meet with all stakeholders to get a better understanding of the bank.
On Tuesday at 9:56 in the morning, on the BSE, HDFC Bank stock was trading 0.07 percent higher at Rs. 688.7 per share, while the benchmark was down 0.11 percent.
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