HDFC Bank ADRs rise after RBI clears Anup Bagchi as next CEO

By Reuters News

** US-listed shares of India's largest private lender HDFC Bank HDBK.NS rise 3.3% to $23.08

** Bank says the central bank has approved the appointment of Anup Bagchi as its next CEO for a three-year term

** Bachi will succeed Sashidhar Jagdishan, whose term ends on Oct 26

** Including session's moves, stock has fallen over 36% YTD

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