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HDFC Banks bonds fall to record low after CEOs shock exit

HDFC Banks newly issued dollar bonds fell to record lows as CEO Sashidhar Jagdishans unexpected exit intensified investor concerns over leadership succession and governance. The banks shares have also underperformed the broader market, though analysts say its fundamental creditworthiness remains intact. HDFC Bank is reportedly seeking an executive search firm to accelerate succession.

1 Sep 2026 1:24 pm