HDFC Bank

HDFC Bank has appointed Anup Bagchi as its new Managing Director and Chief Executive Officer for a three-year term. Bagchi, a longtime ICICI Bank executive known for his low-profile style, steps into leadership of India's largest private sector lender. Reports describe him as an 'ICICI lifer' with decades of experience in retail banking and financial services.

HDFC Bank's CEO transition is moving closer, and Jefferies says the leadership clarity could unlock a rerating of the stock, setting a price target of Rs 880. Anup Bagchi, a senior ICICI group executive, is among the names drawing attention as speculation builds over who will take the top job at India's largest private bank.

India is observing Gandhi Jayanti, the national holiday honouring Mahatma Gandhi's birthday. Banks including SBI, HDFC Bank and ICICI Bank are closed for the day, prompting searches about whether services are affected and confirming the October date. As with every year, the occasion brings tributes, discussions of Gandhi's legacy, and questions about which services remain open.