Shares of were trading up 0.95 per cent at ₹420.95 on the National Stock Exchange on Thursday afternoon, after the Reserve Bank of India approved the appointment of
The stock opened sharply higher at ₹426.00 against a previous close of ₹417.00 and touched an intraday high of ₹435.60 before paring gains through the session. As of 1.05 pm, traded volume stood at 625.25 lakh shares with a traded value of ₹2,681.39 crore, indicating heavy interest. Sell-side pressure was dominant, with 65.29 per cent of total order quantity on the sell side versus 34.71 per cent on the buy side, which explains the pullback from the morning peak.
The stock’s move follows an intimation filed with stock exchanges. The RBI, via a letter dated September 30, 2026, approved Saha’s appointment under Section 35B of the Banking Regulation Act, 1949, for a three-year term effective January 1, 2027. Saha is currently the bank’s Whole-time Director (Executive Director) and has been overseeing the Retail Bank, Government Business, Data Analytics and Marketing functions since March 2026.
Saha brings over 32 years of professional experience, including 25 years in financial services. He previously served as Managing Director and CEO of Bajaj Finance Limited and spent 14 years at ICICI Bank in senior leadership roles. He holds a B.Tech from IIT Kharagpur and an MBA from IIM Lucknow.
The bank’s total market capitalisation stood at approximately ₹4,18,607 crore as of early afternoon. The stock’s 52-week range is ₹345.50 to ₹453.20. The Board is yet to formally ratify the appointment and will seek shareholder approval in due course.