While HDFC Bank, Bandhan Bank and Axis Bank will react to the churn seen in its top management, the shares of Yes Bank will react to the lender’s board approving a fund raising proposal. Here’s a look at these stocks in greater detail.
HDFC Bank
The lender is set to react to two news triggers today.
First, HDFC Bank has named former Chief Election Commissioner and Former Finance Secretary Rajiv Kumar as its new Chairman. The announcement comes just over three months after former part-time Chairman Atanu Chakraborty had quit citing practices that were not “in congruence with his personal values and ethics.” The stock had declined to a 52-week low post that.
India’s largest private lender will see shareholder approval for Rajiv Kumar’s appointment at its Annual General Meeting on August 5.
The second trigger for HDFC Bank is confirmation a CNBC-TV18 exclusive, that Puneet Sharma will be the lender’s next CFO, succeeding Srinivasan Vaidyanathan, after his term ends in October. HDFC Bank made this announcement late last evening in an exchange filing.
Puneet Sharma was tapped to be the next CFO after Bhavin Lakhpatwala quit recently to join RBL Bank.
Sharma resigned as CFO of Axis Bank on Monday.
HDFC Bank shares are down 20% so far in 2026, but remains a consensus buy among the 47 analysts who have coverage on the lender.
Axis Bank
Axis Bank will be reacting to the news of Puneet Sharma quitting as CFO from August 31, 2026.
Sharma had been the Group Head and CFO at the lender since March 2020.
Shares of Axis Bank are up 7% so far this year.
Bandhan Bank
Bandhan Bank’s CFO Rajeev Mantri has also resigned as the CFO of the private lender from September 25, 2026.
Sources have also told CNBC-TV18 that Rajeev Mantri is likely to join Axis Bank as its next CFO, replacing Puneet Sharma, who is likely to move to HDFC Bank.
Both Axis and Bandhan Bank have not officially responded to CNBC-TV18’s story.
Shares of Bandhan Bank had ended little changed on Monday at ₹202.04. The stock is up 40% so far this year.
Yes Bank
While the above three lenders are set to react to their management churn, Yes Bank’s board has approved raising funds to the tune of ₹16,000 crore at the end of its board meet on Monday.
Yes Bank will be raising ₹7,500 crore through the issue of securities and another ₹8,500 crore through a debt issuance.
Shares of Yes Bank have risen 17% so far this year.
The Nifty Bank index was an underperformer on Monday, declining over 400 points, and dragged the Nifty 50 index lower by 100 points as well.
