Jagdishan will replace outgoing CEO Aditya Puri, whose term ends on October 26.
Private lender HDFC Bank's share price rose nearly 5 percent intraday on August 4 on report of RBI approving new CEO.
Reserve Bank of India (RBI) approved Sashidhar Jagdishan's name for Chief Executive Officer (CEO) of HDFC Bank.
Jagdishan is the Additional Director & Head Of Finance, HR at HDFC Bank. He will replace outgoing CEO Aditya Puri, whose term ends on October 26.
The Bank recommended Sashidhar Jagdishan, Kaizad Bharucha & Sunil Garg's names for CEO, however, Sashidhar Jagdishan was the top choice among 3 shortlisted candidates, as first reported by CNBC-TV18.
At 10:07 hrs HDFC Bank was quoting at Rs 1,045.50, up Rs 43.55, or 4.35 percent on the BSE.
The share touched its 52-week high Rs 1,304.10 and 52-week low Rs 738.90 on 19 December, 2019 and 24 March, 2020, respectively.
Currently, it is trading 20.81 percent below its 52-week high and 39.77 percent above its 52-week low.
The company's trailing 12-month (TTM) EPS was at Rs 49.81 per share. (Jun, 2020). The stock's price-to-earnings (P/E) ratio was 20.72.The latest book value of the company is Rs 311.44 per share. At current value, the price-to-book value of the company was 3.31. The dividend yield of the company was 0.24 percent.