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Context from Wikipedia on the organisations, people and places in this story.
Indian private sector bank
Kotak Mahindra Bank Limited is an Indian banking and financial services company headquartered in Mumbai. It provides services such as banking, securities, asset management, insurance and lending.
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Indian banking and financial services company
HDFC Bank Limited is an Indian banking and financial services company headquartered in Mumbai. Incorporated in August 1994, it officially commenced operations in January 1995 upon receiving its banking license from Reserve Bank of India. It is India's largest private sector bank by assets and market capitalisation. In 2025, HDFC became the 10th largest bank in the world by market capitalisation.
More on Wikipedia ↗BFSI News - Find the latest Banking, Financial Services and Insurance News & Articles from all top sources for the Indian Finance industry on ET BFSI.
HDFC Bank shares rose after Anup Bagchi was appointed as the banks new MD & CEO, ending months of uncertainty over its top leadership. Brokerages Jefferies, Morgan Stanley and Citi retained positive ratings on the stock, citing clarity on succession and potential for a re-rating. The bank also reported strong loan and…
HDFC Bank's new CEO Anup Bagchi needs to revive low-cost deposit growth as term deposits continue to grow faster. Kotak CEO Anup Kumar Saha inherits strong capital and asset quality but lower returns than some large private-sector peers. For both lenders, the real test will be whether faster growth can be achieved…