HDFC Bank Share Price Today: Stock Rises as CEO Reappointment Clears Key Hurdle; Q1 FY27 Results Soon

HDFC Bank shares are in focus on Monday after fresh developments on the bank's leadership appointments. The stock was trading 0.60% higher at Rs 801.10 on the NSE at 11:40 AM on June 29. Over the past month, the banking heavyweight has rallied 7.58%, recovering from the governance-related selloff witnessed earlier this year.

The fresh optimism in the stock today is because of Managing Director and CEO Sashidhar Jagdishan's reappointment process is expected to move forward after an independent legal review reportedly found no merit in allegations raised by former chairman Atanu Chakraborty.

CEO Reappointment Process Back on Track

According to a report by The Economic Times, HDFC Bank's board is expected to initiate the formal process for Jagdishan's third term after external legal advisors completed their review. The findings have reportedly cleared the way for the bank to submit the proposal to the Reserve Bank of India (RBI).

Sources indicate that while the appointment of a new chairman could be finalised within the next two weeks, the board is expected to take a call on the CEO's reappointment by the end of July. Jagdishan, who took charge in 2020, received a three-year extension in 2023, with his current term ending in October 2026.

Chairman Appointment Enters Final Phase

The search for HDFC Bank's next non-executive chairman has also entered its final stage. Former RBI Deputy Governor Rajeshwar Rao is among the leading contenders, with the Nomination and Remuneration Committee expected to recommend three names to the RBI.

Q1 FY27 Results Scheduled for July 18

HDFC Bank has informed exchanges that its board will meet on July 18, to approve the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026.

MCLR Revised Higher

Earlier this month, HDFC Bank increased its Marginal Cost of Funds-based Lending Rate (MCLR) by up to 10 basis points, effective June 8, 2026
The largest increase was for the two-year MCLR, which was raised to 8.55%, while the one-year MCLR, the benchmark for most home, auto and personal loans, was increased by 5 basis points to 8.40%.

FY26 Dividend and Financial Performance

For FY26, HDFC Bank declared a final dividend of Rs 13 per share, with June 19 fixed as the record date. Including the interim dividend, shareholders have received Rs 27 per share over the past 12 months. The bank had also issued bonus shares in a 1:1 ratio in August 2025.

HDFC Bank Outlook By Brokerages

Street sentiment on HDFC Bank is bullish, with not a single sell or hold call among the 39 analysts tracked by Investing.com. The consensus rating is "Strong Buy," with an average 12-month price target of Rs 1,039.79, a high estimate of Rs 1,360 and a low of Rs 890 implying an upside of over 39% from current levels.