HDFC Bank share price gains nearly 6% on RBI appointing new CEO

Published On: Tuesday, August 4, 2020 | By: Team KnowMyStock

Private lender HDFC Bank's share price rose nearly 6 per cent intraday on August 4 on the report of RBI approving new CEO. Mr.Sashidhar Jagdishan will be the new CEO of HDFC Bank for a period of 3 years w.e.f. his date of taking charge, i.e. October 27, 2020, and will be replacing Aditya Puri. The appointment will put an end to one of the most keenly watched successions in India’s banking industry. He is a chartered accountant and holds a Master’s degree in Economics of money, banking and finance. He joined the Bank in the 1996 and currently, he is the Group Head of Finance, Human Resources, Legal & Secretarial, Administration, Infrastructure, Corporate Communications, Corporate Social Responsibility & the Strategic Change Agent of the bank. He joined the bank around 1996 as a Manager in the Finance function, and then went on to become Business Head - Finance in 1999 and Chief Financial Officer in the year 2008.

Puri has been at the helm at HDFC Bank since September 1994, making him the longest-serving head of any private bank in the country.

Source: Money Control, Business India, Economic Times

Closing Bell: Sensex gains 85 points, Nifty at 18755.90

Closing Bell:Sensex gains 418 points, Nifty at 18716.15

MARKET UPDATE: Sensex rose 135 points to 62761, and the NSE Nifty50 moved 40 points higher to 18,600

Closing Bell: Sensex down 223 points, Nifty at 18,563

MARKET UPDATE: Sensex surged over 100 points to trade around 62,962 levels, whereas Nifty50 climbed over 30 points to trade above 18,650 levels

MARKET UPDATE: Sensex gained over 50 points to trade around 63,228 levels, whereas Nifty50 traded marginally above 18,700 levels

MARKET UPDATE: Sensex surged over 150 points to trade around 62,988 levels, whereas Nifty50 gained over 50 points to trade above 18,650 levels

MARKET UPDATE: Sensex traded flat at 62,777 levels, whereas Nifty50 was flat above 18,600 levels

Closing Bell: Sensex up 240 points, Nifty at 18593.85

MARKET UPDATE: Sensex rallied over 300 points, whereas Nifty50 gained over 50 points to trade above 18,600 levels

Follow Us On: