A new boss at HDFC Bank is good news, but it is too early to rejoice
Investors are relieved that a new CEO is finally in place as the talk to replace Puri dragged for long
The continuity factor that Sashidhar Jagdishan brings is an advantage as he has been with the bank for 25 years now
Leadership changes are generally painful for investors as continuity is broken at the firm. One that comes in the midst of a crisis is even more so. But the succession issue at HDFC Bank Ltd has dragged on for so long that investors are just relieved that a new chief is finally in place.
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