HDFC Bank Share Price Today Falls After Anup Bagchi Appointment; Should You Buy Or Sell? Check Recommendation

The Reserve Bank of India (RBI) has approved Anup Bagchi's appointment as the next Managing Director and Chief Executive Officer of HDFC Bank, marking a key leadership transition for the private sector lender. Bagchi will take charge from October 27, 2026, succeeding Sashidhar Jagdishan, whose term ends on October 26.

HDFC Bank Share Price Today After CEO Transition

HDFC Bank share price today opened at Rs 731.95 on October 5 and climbed to an intraday high of Rs 734.20 before slipping to a low of Rs 708.80. At 10:53 am, the stock was trading at Rs 709.60.

Anup Bagchi To Take Over As HDFC Bank MD & CEO

The RBI has approved Bagchi's appointment for a three-year term beginning October 27. He is currently the Chief Executive Officer of ICICI Prudential Life Insurance and has more than three decades of experience across the financial services sector.

Bagchi has been associated with the ICICI Group since 1992 and has held senior positions at ICICI Bank, ICICI Prudential Life Insurance and ICICI Securities. His experience covers banking, capital markets, wealth management and insurance.

The new CEO will also inherit the task of building on the work done under Jagdishan, including the integration of HDFC Ltd with HDFC Bank and the subsequent efforts to improve the combined entity's operating performance.

Should You Buy or Sell HDFC Stock? Check Motilal Oswal's Recommendation & Target Price

Brokerage firm Motilal Oswal Financial Services remains positive on HDFC Bank and expects an improvement in the bank's earnings performance from FY28.

"We estimate HDFCB to deliver an improved earnings performance from FY28 onward, while RoA should sustain at ~1.7% (factoring in the potential cut in insurance commissions). Maintain BUY with a TP of Rs 925," said Motilal Oswal Financial Services in its Morning India report.

The brokerage's BUY rating and Rs 925 target price suggest substantial potential upside from the stock's available intraday price of Rs 709.60. However, the target is an analyst estimate and does not guarantee future returns.

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