The board of HDFC Bank is planning to appoint Sashidhar Jagdishan again as MD & CEO for a third term, after legal checks found no issues in past concerns. The decision is supported by the board and Macquarie Capital, but final approval from the Reserve Bank of India is still needed.
At the same time, the bank’s loan-to-deposit ratio is high after the merger, which is something regulators may carefully review before giving approval.
economictimes