HDFC Bank’s Bonds Fall to Record Low After CEO Sashidhar Jagdishan’s Exit
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Newly issued dollar bonds by HDFC Bank Ltd., India’s most valuable lender, slid to record lows on Tuesday as Chief Executive Officer Sashidhar Jagdishan’s unexpected decision to step down continued to weigh on investor sentiment.
The departure of Jagdishan has raised concerns among investors, contributing to the decline in bond prices.
HDFC BankSashidhar Jagdishan
Sources
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SourceReports the news
“Newly issued dollar bonds by HDFC Bank Ltd., India’s most valuable lender, slid to record lows on Tuesday as Chief Executive Officer Sashidhar Jagdishan’s unexpected decision to step down continued to weigh on investor sentiment.”
Bloomberg — HDFC Bank’s Bonds Fall to Record Low After CEO’s Shock Exit