HDFC Bank shares jump nearly 3% as CEO Sashidhar Jagdishan won’t seek reappointment after term ends in late October

HDFC Bank shares rose after CEO Sashidhar Jagdishan said he will not seek reappointment when his term ends in late October, removing a near-term governance overhang but shifting uncertainty to succession risk. Broker commentary frames the news as modestly positive if the board executes a timely, credible appointment, while acknowledging a narrow transition window as post-merger balance-sheet recalibration and NIM pressures remain in focus.