HDFC Bank posted a 4.7 per cent rise in standalone net profit to Rs 19,510 crore for the second quarter of FY27, as strong core lending offset a drop in treasury gains.

HDFC Bank has named Anup Bagchi as its new Managing Director and Chief Executive Officer, succeeding Sashidhar Jagdishan after receiving RBI approval.

HDFC Bank's board has penalised top executives including CEO Sashidhar Jagdishan and CFO Srinivasan Vaidyanathan following an investigation into MSRDC deposit practices.