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Jefferies sees clearer path for Jagdishan's third term

Financial Express Mumbai

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June 30, 2026

GLOBAL BROKERAGE JEFFERIES believes the findings of two independent law firms have significantly improved the prospects of HDFC Bank MD & CEO Sashidhar Jagdishan securing a third term, saying the review clears a key overhang that had weighed on investor sentiment.

Jefferies added that the report "may lay the path" for the bank to appoint a new chairman and renew Jagdishan's term as managing director and chief executive officer, which ends in October.

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