New Delhi, Oct. 1 -- HDFC Bank's American Depositary Receipts (ADRs) jumped 5.4% in Thursday's intraday trade to reach a day's high of $23.55 on the NYSE after the country's largest private sector lender appointed Anup Bagchi as Managing Director and Chief Executive Officer for three years, effective October 27, 2026.

In its post-market regulatory filing on Thursday, the bank said the Reserve Bank of India had approved the appointment of Bagchi as Managing Director and Chief Executive Officer for three years.

Bagchi, currently serving as the MD and CEO of ICICI Prudential Life Insurance, will succeed Sashidhar Jagdishan.

Consequently, the Board of Directors of the Bank, based on the recommendation of the Governance, Nomination, and Rem...