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HDFC Bank ADRs Extend Rally, Jump 3% Pre-Market After Anup Bagchi Named MD & CEO

HDFC Bank ADRs extended gains, rose nearly 3% before the opening bell on Friday.

HDFC Bank ADRs Extend Rally, Jump 3% Pre-Market After Anup Bagchi Named MD & CEO
Image: NDTV Profit

HDFC Bank American Depository Receipts (ADRs) extended gains, rose nearly 3% before the opening bell on Friday, October 2 after the private lender named Anup Bagchi as its new Managing Director and CEO, following approval from the Reserve Bank of India (RBI).

HDFC Bank ADRs advanced 2.7% to $22.95 by 5 pm IST.

(This is a developing story.)

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