Anup Bagchi’s investor-trust challenge at HDFC Bank

The Economic Times reports that incoming HDFC Bank CEO Anup Bagchi faces pressure to restore investor confidence in the bank’s execution and governance. Bagchi is set to succeed Sashidhar Jagdishan on October 27; his three-year appointment is subject to shareholder approval. Bernstein says consistent progress on a few clear measures could help rebuild confidence, while a Macquarie analyst identifies retaining senior executives as another early challenge.