HDFC Bank Names Anup Bagchi New MD and CEO

HDFC Bank appointed Anup Bagchi as its new managing director and chief executive officer.

The appointment ends speculation over who would succeed current MD and CEO Sashidhar Jagdishan.

Jagdishan had said he would not seek reappointment when his term ends at the end of the month.

HDFC Bank shares were in focus following the announcement.

The article raises whether investors should buy or sell the shares but gives no specific recommendation.