Anup Bagchi takes charge as HDFC Bank CEO and MD

Anup Bagchi took charge as the Managing Director and Chief Executive Officer of HDFC Bank on Tuesday, succeeding Sashidhar Jagdishan after the completion of his term.

Mr. Bagchi, an ICICI Group veteran and former MD and CEO of ICICI Prudential Life Insurance, is the first outsider to head HDFC Bank in its over-three-decade history.

The lender's scrip was trading 0.07% up at ₹688.7 apiece on the BSE at 0956 hrs on Tuesday, against a 0.11% correction on the benchmark.