{
  "id": 12169231,
  "title": "HDFC Bank shares shed early gains, end over 2% lower",
  "url": "https://urgent.news/2026/10/05/hdfc-bank-shares-shed-early-gains-end-over-2-lower",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-05T14:08:55.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/markets/stock-markets/hdfc-bank-shares-shed-early-gains-end-over-2-lower/article71547723.ece"
  },
  "original_language": "en",
  "account": "HDFC Bank shares retreated from early gains and closed 2.01 per cent lower at ₹705 on Monday, reflecting profit-taking. The stock, which had initially surged 2 per cent to ₹734, later fell back to its current level. Additionally, on the NSE, HDFC Bank's shares dipped 2.27 per cent to ₹704.80 after initially rising 1.80 per cent to ₹734.20. Anup Bagchi is poised to become the next managing director and chief executive officer of HDFC Bank, with the Reserve Bank approving his appointment. Bagchi, who has a background at ICICI Bank, replaces Sashidhar Jagdishan, whose tenure was marred by unethical conduct allegations. Bagchi, an IIT-Kanpur and IIM-Bangalore graduate, will assume the role on October 27 for a three-year term. The new CEO will face challenges such as boosting core income amidst low net interest margins and curbing product mis-selling. Leadership turmoil at HDFC Bank surfaced in March when non-executive chairman Atanu Chakraborty resigned, citing ethical concerns.",
  "summary": "The stock slide comes as Anup Bagchi is set to become the next managing director and chief executive officer of HDFC Bank",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}