HDFC Bank500180Banking
RBI approved a new MD and CEO for HDFC Bank, drawing market discussion alongside the bank's business update
Heard on business television between 15:26:58 - 15:29:58 IST.
- HDFC Bank's quarterly business update and RBI's approval of a new MD and CEO were both discussed.
- Siddharth said valuations look attractive but a 'Herculean task' lies ahead for the new leadership given past merger-related and other issues flagged by the outgoing chairman.
- He said the street will view the leadership change as a positive factor and valuations should be supportive.
- He added that the market will watch for changes over the next few quarters before the stock reacts.
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Source: Live TV News Channel · 5 Oct 2026
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