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Informist, Saturday, Apr. 18, 2026

--HDFC Bank: Board to take up discussion on CEO reappointment soon 

--CONTEXT: Comments by HDFC Bank's mgmt in media call post Jan-Mar earnings 
--HDFC Bank: Two whole-time members for Keki Mistry continuing as chairman 

--HDFC Bank: See limited impact of West Asia war on Q1 advances 
--HDFC Bk on chairman's exit:Not sure about legal review conclusion timeline 
--HDFC Bank on chairman's exit: Legal review in progress 
--HDFC Bank on UAE branch mis-selling bonds:To act strictly in such instances 
--HDFC Bank: To focus on becoming leader in tech space in future 
--HDFC Bank: To continue working on improving quality of deposits going ahead 
--HDFC Bank: Loan-deposit ratio not a constraint now 

NEW DELHI – HDFC Bank's board will soon take up for discussion the matter related to the "reappointment" of Chief Executive Officer Sashidhar Jagdishan, whose tenure is set to end in 2026, the bank's management said in a media call Saturday. The management also mentioned that at least two whole-time board members were "rooting" for the continuation of Keki Mistry as part-time chairman at the bank beyond the interim period of three months.

After former part-time chairman Atanu Chakraborty's abrupt resignation in March, HDFC Bank appointed Mistry as part-time chairman for three months. Chakraborty's sudden exit is currently under legal review, the management said, adding that it cannot give a timeline for the conclusion of the review. Chakraborty had cited differences with the management over "values and ethics" as the reason for his resignation. 

Besides the chairman's abrupt resignation, HDFC Bank also made headlines recently for disciplinary action against some executives related to a Dubai-based branch after finding that they were found involved in mis-selling of Credit-Suisse AT1 bonds--complex high-risk financial instruments. On questions related to this in the media call, the management said that a wrong perception had developed about the way the bank sells its third-party products, and it would take steps to correct this perception. "We have a robust process for selling third-party products with enough guardrails." The bank would act strictly in such instances, the management added.

Talking about business plans, the management said the credit-deposit ratio of the bank was not a constraint any more and the lender would continue to focus on improving the quality of its deposits going ahead. The bank is counting on stronger deposit growth to bring down its credit-deposit ratio to 85–90% by the end of 2026-27 (Apr-Mar) from the high of over 95% seen since its merger with parent Housing Development Finance Corp. Ltd. in 2023.

HDFC Bank's deposits outpaced credit growth, rising 14% to INR 31.05 trillion as of Mar. 31. Its gross advances increased 12% to 29.60 trillion. As per these, the lender's credit-deposit ratio was 95% as of Mar. 31. The bank Saturday reported a net profit of INR 192.21 billion for the March quarter, up 9% on year. Its net interest income for the quarter was INR 330.82 billion, up 3% on year. Shares of the bank Friday closed 0.6% higher at INR 799.90 on the National Stock Exchange.  End 

Reported by Krity Ambey and Shweta

Edited by Avishek Dutta

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