HDFC Bank向RBI提交两名CEO候选人，继任不确定性缓和推动印度原股盘中涨逾3%

Shares of HDFC Bank rose as much as 3.2% on Tuesday after India’s largest private-sector lender submitted the names of two candidates for the position of chief executive officer, easing concerns over a leadership vacuum.

The bank’s shares traded as high as 730.75 rupees ($7.6) in Mumbai, versus 708.25 rupees on Friday, after the lender said at the weekend that the names were provided in order of preference, along with the proposed remuneration for a three-year term and subject to approval by the regulator.

Shares of HDFC Bank have declined about 27% in 2026, compared with a 5% drop in the broader Nifty Bank Index.

The move may ease investor concerns over succession at HDFC Bank after uncertainty over its top leadership weighed on sentiment. Naming internal and external contenders for the chief executive role, alongside proposed appointments to its senior management team, provides greater clarity on the lender’s leadership transition.

Local media reported that the candidates could include Kaizad Bharucha, deputy managing director of HDFC Bank, and Anup Bagchi, chief executive officer at ICICI Prudential Life Insurance Co.

Read: Bankers in Running for CEO Job at India’s Top Private Bank (1)

HDFC Bank also proposed the reappointment of V. Srinivasa Rangan as a whole-time director for a one-year term and the appointment of Jimmy Tata in the same position for a three-year term from the date of the Reserve Bank of India’s approval. Both positions carry the title of executive director.

The creation of an additional whole-time director role will bring the total number of such positions on HDFC Bank’s board to four, in addition to the managing director and chief executive officer, it said.

HDFC Bank is one of India’s systemically important lenders, commanding nearly 12% of the total deposit base as on June 30. The lender, which counts foreign institutional investors among its major shareholders, faced a setback after its part-time chairman stepped down earlier this year, citing “certain happenings and practices” at the bank that were not in line with his “personal values and ethics.”

A subsequent media report in May alleged that the bank had breached industry norms by offering higher interest rates to a state-owned company. HDFC Bank has denied any wrongdoing, while the RBI also publicly backed the lender, saying that it had found no material conduct or governance-related concerns.

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