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Shares of HDFC Bank edged lower on Friday amid reports of ongoing discussions with the banking regulator over key leadership appointments.
At 10:16 am IST on April 24, HDFC Bank stock was trading at Rs 780.50, down Rs 3.85 or 0.49 per cent on the day.
According to Zee Business sources, the HDFC Bank board has recently held discussions with the Reserve Bank of India (RBI) regarding top-level appointments and succession planning.




The talks are said to include leadership continuity and tenure-related approvals for senior management.
A key agenda in the discussions is the proposed third term for the bank’s Managing Director and Chief Executive Officer, Sashidhar Jagdishan.
His current tenure is set to end on October 26 this year. The board has reportedly approached the RBI to seek approval for extending his leadership for another term, ensuring continuity at the top of India’s largest private lender.
The bank has also sought a second extension for Chief Financial Officer Srinivasan Vaidyanathan, sources said.
Beyond the extension, there is a plan under consideration to elevate him to a full-time director role at a later stage, indicating a broader succession roadmap within the organisation.
Separately, the board has recommended appointing M D Ranganathan as a part-time chairman. If approved, he could replace the current acting chairman Keki Mistry.
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The leadership discussions come months after a sudden exit at the top level.Atanu Chakraborty, the part-time chairman and independent director of HDFC Bank, resigned on March 18, 2026 with immediate effect.He cited concerns related to “values and ethics” in certain bank practices observed over the previous two years.
His resignation caused the stock to become very volatile, and the bank's market capitalization fell shortly after the announcement. This raised questions about the lender's governance and internal oversight.
HDFC Bank in an exchange filing noted that Net interest income (NII) rose 6.4 per cent year-on-year to Rs 32,620 crore, compared with Rs 30,650 crore in the same period last year. Net interest margin stood at 3.35 per cent on core assets and 3.51 per cent on interest-earning assets.
Profit after tax increased 11.5 per cent year-on-year to Rs 18,650 crore.
The bank’s average deposits stood at Rs 27.5 lakh crore for the quarter, up about 12.2 per cent from Rs 24.5 lakh crore a year ago.
Average CASA deposits came in at Rs 8.9 lakh crore, rising 9.9 per cent year-on-year. Average time deposits grew faster, up 13.4 per cent to Rs 18.5 lakh crore.On a period-end basis, total deposits were around Rs 28.5 lakh crore as of December 31, 2025, marking an 11.5 per cent increase year-on-year.CASA deposits stood at about Rs 9.6 lakh crore, up 10.1 per cent from the year-ago period.
Gross advances rose 11.9 per cent year-on-year to Rs 28.4 lakh crore. The growth was driven by retail loans, which grew 9.6 per cent, MSME loans at 17.2 per cent, and wholesale or corporate loans at 10.3 per cent.
Asset quality remained largely steady during the quarter. Gross non-performing assets (GNPA) stood at 1.24 per cent on a sequential basis, indicating stable credit performance despite macro uncertainties.
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