HDFCBANK

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Rises Nearly 2% on Chairman Appointment Optimism HDFC Bank shares gained nearly **2%**, emerging among the top gainers on the Nifty 50, amid expectations that uncertainty surrounding the appointment of a permanent non-executive chairman may soon be resolved. The stock rose to around **₹800.5**, outperforming the broader market and becoming the largest contributor to the Nifty 50's gains during early trade. Investor sentiment improved following reports that the **RBI has asked HDFC Bank's board to expedite the selection of a non-executive part-time chairman**, with interim chairman **Keki Mistry's** tenure ending today. The chairman position has remained under focus since the departure of former chairman **Atanu Chakraborty** in March. ### Impact Positive sentiment as progress on leadership succession could remove governance-related uncertainty. Appointment of a permanent chairman may support smoother decision-making and strengthen investor confidence.