HDFC Bank board likely to seek CEO Sashidhar Jagdishan’s extension: Sources | EXCLUSIVE

HDFC Bank’s board is likely to seek an extension for CEO Sashidhar Jagdishan, with the RBI also backing continuity, sources said.

HDFC Bank’s board is likely to seek an extension for CEO Sashidhar Jagdishan, with the RBI also backing continuity, sources said.

The decline marks the stock’s sharpest fall since June 2024, and it has now dropped in three of the last five trading sessions.

Over the last six years, the bank’s ADR has slipped into a discount against the Indian entity only four times, with Wednesday’s discount of about 2.2% being the steepest.
William Lee, Chief Economist and MD at Global Economic Advisors, says markets are grappling with repeated supply shocks—from Covid to wars—yet global growth, especially in the US, has remained resilient. However, rising uncertainty and energy disruptions risk diverting capital into…

In an interaction with CNBC-TV18, Neelkanth Mishra of Axis Securities warned of the second order effects that the ongoing US-Iran war is starting to have, including that on the real estate sector.

The research team at MSCI have flagged a couple of factors when it comes to assessing how war risk is flowing into equity portfolios.
Neelkanth Mishra, Head of Global Research at Axis Capital and Chief Economist at Axis Bank, says the Iran conflict is a major macro risk for India given its heavy dependence on energy imports. A prolonged disruption could wipe out around…

On Wednesday, the Ministry of New and Renewable Energy has expanded the order on approved list of model manufacturers (ALMM) to introduce ALMM List-III for ingots and wafers, which will take effect from June 1, 2028.

Markets have responded to these developments. Oil prices have risen to around $115 dollars per barrel. LNG markets are also pricing in tighter supply conditions, along with the possibility of cargo rerouting.

Macquarie said that while HDFC Bank’s fundamentals remain strong, with healthy return on assets (ROA), near-term underperformance may persist as governance concerns weigh on sentiment.