India's HDFC Bank rises after CEO appointment

By Reuters News

- Shares of India's HDFC Bank HDBK.NS rose 1% to 728.3 rupees on Monday, as investors welcomed the appointment of Anup Bagchi, the first external candidate to lead the institution.

Bagchi succeeds Sashidhar Jagdishan, who decided in August not to seek reappointment after his second three-year term ends on October 26.

The bank also posted a growth of around 18.8% in its deposits and a growth of 16.3% in its gross advances as of September end.

Capital Com is an execution-only service provider. The present material must be regarded as marketing communication and should not be interpreted as investment research or investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page, then you do so entirely at your own risk