In a significant update from India’s largest private lender, HDFC Bank’s board has thrown its weight behind interim Chairman Keki Mistry’s extended role, while the NRC deliberates on CEO Sashidhar Jagdishan’s reappointment. Deputy MD Kaizad Bharucha assured investors that a decision on Jagdishan’s post-October 2026 role will come ‘at the right time’ during the Q4 FY26 earnings call.
The bank’s financials remain impressive, with net profit climbing 8% to ₹20,350 crore in the quarter, reflecting resilient operations amid economic headwinds. Shares ended Friday at ₹800, boasting a market capitalization of ₹6.13 lakh crore.
Jagdishan and Bharucha voiced unanimous support for Mistry, appointed on March 18 following Atanu Chakravarti’s sudden exit. ‘Everyone hopes Mistry continues, pending NRC and board processes,’ Jagdishan noted. An independent probe into Chakravarti’s resignation—where he mentioned value misalignments—is underway, with findings imminent.
Jagdishan dismissed AT-1 bond mis-selling claims in Dubai, emphasizing no retail involvement and full risk disclosure. This comes as HDFC Bank eyes permanent leadership stability to fuel growth.
The 52-week share range of ₹726.65 to ₹1,020.50 highlights volatility, yet the bank’s fundamentals shine. With the NRC’s call pivotal, HDFC’s next chapter hinges on balancing continuity and fresh mandates in a dynamic sector.
