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homefinance NewsFundamentals to drive HDFC Bank shares; Jagdishan needs to focus on compliance, digital challenges, says Macquarie

Fundamentals to drive HDFC Bank shares; Jagdishan needs to focus on compliance, digital challenges, says Macquarie

The performance of the HDFC Bank share price will be based on the fundamental of the lender, said Macquarie Capital Securities’ Suresh Ganapathy, while adding that Sashidhar Jagdishan needs to focus on compliance issues and digital challenges.

By Latha Venkatesh | Sonia Shenoy Aug 5, 2020 12:53:21 PM IST (Updated)

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The performance of the HDFC Bank share price will be based on the fundamental of the lender, said Macquarie Capital Securities’ Suresh Ganapathy, while adding that Sashidhar Jagdishan needs to focus on compliance issues and digital challenges.

Jagdishan will take the reins from Aditya Puri in October end. The Reserve Bank of India on Tuesday gave its node to his appointment as the CEO of India’s largest private sector bank in terms of market capitalisation.

Macquarie’s Ganapathy further said that Jagdishan executing the current strategy over the next 5 years is not a challenge.

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