HDFC Bank CEO Race, UPI Gets a Price Tag, and RBI Tightens the Fraud Net: India's Financial Sector Shifts Gears

India's largest private bank may finally get the leadership clarity it desperately needs. HDFC Bank has narrowed its CEO search to two candidates: Kaizad Bharucha, the bank's Deputy MD and internal veteran of 35 years, and Anup Bagchi, MD & CEO of ICICI Prudential Life and the external pick. Global brokerage Macquarie has reiterated its Outperform rating with a target price of ₹1,150 per share, explicitly calling an external chief appointment a "key re-rating...