business π HDFC CEO stepping down over leadership clash
HDFC Bank CEO Sashidhar Jagdishan is stepping down after two months as chairman Rajiv Kumar pushed for major changes. This happened at HDFC Bank Ltd. on Saturday, following internal disagreements over growth strategies and executive replacements. Jagdishan resisted Kumar's demands for a more aggressive tech and loan growth approach. The bank is now engaging a recruitment firm to find a successor quickly. Analysts worry this sudden move might negatively impact the bank's stock performance and revenue momentum. π¦