MumbaiHDFC Bank’s CEO declined a third term.
The refusal, not a dismissal, unsettles India’s largest private-sector lender’s succession plans.
The Reserve Bank of India must approve his successor, the quiet lever behind every Indian bank’s leadership change.
Sashidhar Jagdishan retires October 26, and the board has pledged to fast-track a replacement.
Sources: The Financial Express, Bloomberg Business