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In the cash market, the Nifty 50 index declined 41 points or 0.17% to 23,873.45.
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, rose 1.27% to 11.45.
HDFC Bank, Bombay Stock Exchange (BSE) and Swiggy were the top-traded individual stock futures contracts in the F&O segment of the NSE.
The September 2026 F&O contracts will expire on 29 September 2026.
In the cash market, the Nifty 50 index declined 141.35 points or 0.59% to 23,914.45.
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, fell 1.34% to 11.34.
Reliance Industries, HDFC Bank and Bombay Stock Exchange (BSE) were the top-traded individual stock futures contracts in the F&O segment of the NSE.
The leadership transition follows a period of increased scrutiny at the lender. Former part-time chairman Atanu Chakraborty resigned in March, citing concerns over certain practices at the bank. A subsequent legal review commissioned by HDFC Bank found no basis for the allegations.
In July, the bank's board imposed a Rs 1 lakh penalty and issued warning letters to Jagdishan and two other senior executives following an internal review into arrangements with the Maharashtra State Road Development Corporation (MSRDC). The bank said the conduct amounted to 'business overreach' and found no mala fide action or personal enrichment.
The bank has also faced investor concerns over its post-merger performance following the 2023 merger with HDFC Ltd. HDFC Bank shares have fallen 25.76% in 2026, underperforming the broader banking index.
The succession process could take time because the appointment of a private-sector bank CEO requires Reserve Bank of India approval. The media reported that HDFC Bank is considering deputy managing director Kaizad Bharucha as well as external candidates.
Bharucha is among the bank's senior internal candidates and oversees retail and wholesale banking operations. The board is expected to consider multiple candidates as it moves to complete the appointment process before Jagdishan's departure.
The CEO transition is now a key issue for investors. Brokerages have broadly retained positive views on the bank but have flagged succession uncertainty and the need for the next management team to address investor concerns around growth, governance and the post-merger strategy.
HDFC Bank is India's largest private sector lender by market capitalisation. As of 30 June 2026, the bank's distribution network comprised 9,694 branches and 20,958 ATMs across 4,175 cities and towns.
The bank had reported a 4.98% increase in standalone net profit to Rs 19,059.72 crore in Q1 FY27 as against Rs 18,155.21 crore posted in Q1 FY26. Total income declined 7.08% year on year (YoY) to Rs 92,184.38 crore during the period under review.
The Paid-up Share Capital of the Bank will accordingly increase from 15,41,11,20,898 equity shares of Re. 1/- each to 15,41,41,79,062 equity shares of Re.1/- each.
In the cash market, the Nifty 50 index declined 95.25 points or 0.39% to 24,080.45.
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, added 3.37% to 11.04.
HDFC Bank, Eternal and Reliance Industries were the top-traded individual stock futures contracts in the F&O segment of the NSE.
In the cash market, the Nifty 50 index rose 84.80 points or 0.35% to 24,175.65.
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, fell 3.70% to 10.66.
Infosys, HDFC Bank and TVS Motor were the top-traded individual stock futures contracts in the F&O segment of the NSE.
In the cash market, the Nifty 50 index advanced 24,252 points or 0.08% to 24,252.
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, rallied 3.81% to 11.17.
HDFC Bank, Reliance Industries and Infosys were the top-traded individual stock futures contracts in the F&O segment of the NSE.
The August 2026 F&O contracts will expire on 25 August 2026.
As per the latest available beneficial position i.e. as on 14 August 2026, LIC held 4.11% of the total share capital of the bank.
The approval has been granted with reference to the application made by LIC to RBI.
The aforesaid approval granted by RBI is subject to the conditions mentioned therein including compliance with the relevant provisions of the Banking Regulation Act, 1949, Reserve Bank of India (Commercial Banks - Acquisition and Holding of Shares or Voting Rights) Directions, 2025, provisions of the Foreign Exchange Management Act, 1999, regulations issued by Securities and Exchange Board of India, and any other statutes, regulations and guidelines, as applicable.
HDFC Bank is India's largest private sector lender. As of 30 June 2026, the bank's distribution network comprised 9,694 branches and 20,958 ATMs across 4,175 cities and towns.
The scrip added 0.74% to currently trade at Rs 725 on the BSE.