HDFC Bank’s post-merger integration work largely behind us, says incoming MD & CEO Anup Bagchi
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓HDFC Bank finished most integration work after the July 2023 merger with HDFC Ltd, incoming CEO Anup Bagchi said.
- ✓“I believe that a lot of it is behind us and we still have some work to do,” Bagchi said.
- ✓He will take charge on October 27, focusing on technology and branches.
Story at a Glance
- Category
- BUSINESS
- Reported By
- The Economic Times
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
Synopsis
HDFC Bank has made significant strides in integrating its merger with HDFC Ltd after its completion in July. The bank's incoming CEO, Anup Bagchi, emphasized the importance of maintaining strong credit quality during varying economic cycles. Bagchi also acknowledged the contributions of Deputy Managing Director Kaizad Bharucha and the wider team. The bank plans to further improve its branch network and technology capabilities in the future.
HDFC Bank has completed much of the work involved in integrating its merger with HDFC Ltd, though changes to its balance sheet and broader transformation efforts are still underway, incoming managing director and CEO Anup Bagchi said.
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The Economic Times
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