HDFC Bank has appointed Mr. Puneet Sharma as its Chief Financial Officer (CFO) and Mr. Jigar Shah as its General Counsel, effective December 1, 2026, and October 1, 2026, respectively. The Board of Directors approved these appointments at its meeting held on June 29, 2026, based on the recommendations of the Audit Committee and Governance, Nomination and Remuneration Committee. These leadership changes are significant for the bank's strategic governance and regulatory compliance framework.

Mr. Puneet Sharma will assume the role of CFO-Designate on September 1, 2026, before officially taking charge as CFO on December 1, 2026. Upon assuming office, he will be designated as a Key Managerial Person under Section 203 of the Companies Act, 2013. He meets the qualifications prescribed by the Reserve Bank of India (Commercial Banks - Governance) Directions, 2025, for the appointment of a chief financial officer.

Mr. Jigar Shah is appointed as General Counsel – Designate effective August 20, 2026, and will serve as General Counsel starting October 1, 2026. Both appointees will be part of the bank's Senior Management Personnel from their respective dates of joining as designates. The appointments were disclosed to the exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Executive Profiles

The appointees bring extensive experience from the financial services sector. Mr. Sharma has over 26 years of experience in banking, financial services, and strategy. He previously served as the Group Executive and CFO of Axis Bank Limited and was the CFO at Tata Capital Limited. He is a Chartered Accountant and holds a Post Graduate Programme in Management from the Indian School of Business, Hyderabad.

Mr. Shah possesses over three decades of experience in legal, compliance, governance, and regulatory matters within the banking and financial services sector. His previous roles include Managing Director at KKR India, where he headed Legal & Compliance, and Managing Director and Head of Legal – India at JPMorgan Chase Bank. He holds an LLB (Hons.) from the University of Leicester, United Kingdom, and is admitted as a Solicitor in England and Wales.

Appointment Details

HDFC Bank witnessed twenty-five significant block trades on the National Stock Exchange (NSE), drawing sustained attention from market participants. The transactions involved large share quantities executed at prices ranging from Rs. 737.30 to Rs. 797.75 per share, reflecting notable institutional-level activity in the stock. The latest addition brings the total to twenty-five trades, with the twenty-fifth trade valued at Rs. 35.24 crores.

NSE Block Trade Details

The twenty-five block trades recorded for HDFC Bank on the NSE are summarised below:

The first block trade was executed for approximately 5,13,237 shares at Rs. 768.85 per share, aggregating to Rs. 39.46 crores. The second trade involved approximately 6,33,335 shares transacted at Rs. 771.40 per share, amounting to Rs. 48.86 crores. The third trade comprised approximately 2,80,979 shares executed at Rs. 760.25 per share, totalling Rs. 21.36 crores. The fourth trade was recorded for approximately 3,36,247 shares at Rs. 757.95 per share, amounting to Rs. 25.49 crores. The fifth trade involved approximately 3,14,911 shares executed at Rs. 744.95 per share, aggregating to Rs. 23.46 crores. The sixth trade comprised approximately 5,16,791 shares executed at Rs. 751.50 per share, totalling Rs. 38.84 crores. The seventh trade involved approximately 12,87,854 shares executed at Rs. 748.70 per share, aggregating to Rs. 96.42 crores. The eighth trade comprised approximately 3,00,602 shares executed at Rs. 746.70 per share, totalling Rs. 22.45 crores. The ninth trade was executed for approximately 8,78,809 shares at Rs. 748.05 per share, aggregating to Rs. 65.74 crores. The tenth trade was executed for approximately 4,35,182 shares at Rs. 738.00 per share, aggregating to Rs. 32.12 crores. The eleventh trade was executed for approximately 3,23,710 shares at Rs. 739.55 per share, aggregating to Rs. 23.94 crores. The twelfth trade was executed for approximately 4,20,570 shares at Rs. 737.30 per share, aggregating to Rs. 31.01 crores. The thirteenth trade was executed for approximately 3,69,545 shares at Rs. 739.15 per share, aggregating to Rs. 27.31 crores. The fourteenth trade was executed for approximately 11,90,557 shares at Rs. 740.70 per share, aggregating to Rs. 88.18 crores. The fifteenth trade was executed for approximately 5,09,043 shares at Rs. 749.95 per share, aggregating to Rs. 38.18 crores. The sixteenth trade was executed for approximately 2,36,043 shares at Rs. 790.25 per share, aggregating to Rs. 18.65 crores. The seventeenth trade was executed for approximately 2,44,290 shares at Rs. 789.90 per share, aggregating to Rs. 19.30 crores. The eighteenth trade was executed for approximately 5,07,440 shares at Rs. 785.85 per share, aggregating to Rs. 39.88 crores. The nineteenth trade was executed for approximately 11,05,011 shares at Rs. 786.10 per share, aggregating to Rs. 86.86 crores. The twentieth trade was executed for approximately 2,43,008 shares at Rs. 789.90 per share, aggregating to Rs. 19.20 crores. The twenty-first trade was executed for approximately 9,80,167 shares at Rs. 789.85 per share, aggregating to Rs. 77.42 crores. The twenty-second trade was executed for approximately 3,53,401 shares at Rs. 789.00 per share, aggregating to Rs. 27.88 crores. The twenty-third trade was executed for approximately 2,61,100 shares at Rs. 776.95 per share, aggregating to Rs. 20.29 crores. The twenty-fourth trade was executed for approximately 4,25,803 shares at Rs. 790.40 per share, aggregating to Rs. 33.66 crores. The twenty-fifth and latest trade was executed for approximately 4,41,781 shares at Rs. 797.75 per share, aggregating to Rs. 35.24 crores. All twenty-five trades were conducted on the NSE platform.

Key Highlights

• Trade 1: Rs. 39.46 crores | ~5,13,237 shares | Rs. 768.85 per share
• Trade 2: Rs. 48.86 crores | ~6,33,335 shares | Rs. 771.40 per share
• Trade 3: Rs. 21.36 crores | ~2,80,979 shares | Rs. 760.25 per share
• Trade 4: Rs. 25.49 crores | ~3,36,247 shares | Rs. 757.95 per share
• Trade 5: Rs. 23.46 crores | ~3,14,911 shares | Rs. 744.95 per share
• Trade 6: Rs. 38.84 crores | ~5,16,791 shares | Rs. 751.50 per share
• Trade 7: Rs. 96.42 crores | ~12,87,854 shares | Rs. 748.70 per share
• Trade 8: Rs. 22.45 crores | ~3,00,602 shares | Rs. 746.70 per share
• Trade 9: Rs. 65.74 crores | ~8,78,809 shares | Rs. 748.05 per share
• Trade 10: Rs. 32.12 crores | ~4,35,182 shares | Rs. 738.00 per share
• Trade 11: Rs. 23.94 crores | ~3,23,710 shares | Rs. 739.55 per share
• Trade 12: Rs. 31.01 crores | ~4,20,570 shares | Rs. 737.30 per share
• Trade 13: Rs. 27.31 crores | ~3,69,545 shares | Rs. 739.15 per share
• Trade 14: Rs. 88.18 crores | ~11,90,557 shares | Rs. 740.70 per share
• Trade 15: Rs. 38.18 crores | ~5,09,043 shares | Rs. 749.95 per share
• Trade 16: Rs. 18.65 crores | ~2,36,043 shares | Rs. 790.25 per share
• Trade 17: Rs. 19.30 crores | ~2,44,290 shares | Rs. 789.90 per share
• Trade 18: Rs. 39.88 crores | ~5,07,440 shares | Rs. 785.85 per share
• Trade 19: Rs. 86.86 crores | ~11,05,011 shares | Rs. 786.10 per share
• Trade 20: Rs. 19.20 crores | ~2,43,008 shares | Rs. 789.90 per share
• Trade 21: Rs. 77.42 crores | ~9,80,167 shares | Rs. 789.85 per share
• Trade 22: Rs. 27.88 crores | ~3,53,401 shares | Rs. 789.00 per share
• Trade 23: Rs. 20.29 crores | ~2,61,100 shares | Rs. 776.95 per share
• Trade 24: Rs. 33.66 crores | ~4,25,803 shares | Rs. 790.40 per share
• Trade 25: Rs. 35.24 crores | ~4,41,781 shares | Rs. 797.75 per share
• All twenty-five trades executed on the National Stock Exchange (NSE)

Block trades of this scale are typically associated with institutional investors and are executed outside the regular order book to minimise market impact. The pricing across all twenty-five transactions, spanning a range of Rs. 737.30 to Rs. 797.75 per share, underscores continued institutional interest in HDFC Bank shares.