HDFC Bank on Saturday said the process for reappointing its Managing Director and CEO Sashidhar Jagdishan will be taken up “in due course”, with the bank’s nomination and remuneration committee (NRC) currently seized of the matter.

Responding to a query by NDTV Profit, Deputy Managing Director Kaizad Bharucha said the committee will take a final call on Jagdishan’s reappointment at an appropriate time. Jagdishan’s current tenure is set to end in October 2026.

Meanwhile, speaking during a post-earnings conference call, Jagdishan said he, along with Bharucha, supports interim chairman Keki Mistry continuing in the role beyond the mandated three-month period, subject to board approval and regulatory processes.

“We are all rooting for Mistry to continue, but there are processes to be followed before this can be taken up by the NRC and the board,” he said.

Mistry was appointed interim chairman on March 18, a day after the abrupt resignation of former chairman Atanu Chakraborty.

Jagdishan added that an external firm has been engaged to review Chakraborty’s resignation letter, and a summary of its findings will be released in due course. Chakraborty had stepped down, citing that certain practices within the bank were “not congruent” with his personal ethics and values, while maintaining that his exit was not linked to any wrongdoing.

On allegations of mis-selling of Additional Tier-1 (AT-1) bonds by the bank’s Dubai branch, Jagdishan said the lender did not sell such instruments to retail customers and that investors were aware of the associated risks.

Separately, the bank reported its fourth-quarter earnings for FY26, posting an 8 per cent year-on-year rise in consolidated net profit to ₹20,350 crore, compared to ₹18,834 crore in the year-ago period. Shares of HDFC Bank ended marginally higher on Friday at ₹800, up 0.57 per cent on the NSE.

ICICI Bank on Saturday posted a consolidated net profit of ₹14,755 crore for the fourth quarter of FY26, marking a 9 per cent year-on-year (YoY) rise. The lender had reported a profit after tax (PAT) of ₹13,502.22 crore in the corresponding quarter of the previous year.

The bank’s core net interest income (NII) rose 8 per cent YoY to ₹22,979 crore during the quarter, compared to ₹21,193 crore in the same period last year, it said in an exchange filing.

Total income for the quarter stood at ₹84,613.66 crore, up from ₹79,747.77 crore in Q4 FY25. Interest earned during the quarter came in at ₹49,593.75 crore, compared with ₹48,363.84 crore in the previous quarter.

Other income — which includes premium income from the insurance business and other operating revenues — rose to ₹35,019.91 crore from ₹31,360.85 crore a year ago.

Operating profit (before provisions and contingencies) increased to ₹21,004.88 crore in Q4 FY26. Total expenditure stood at ₹63,608.78 crore, while employee costs for the quarter came in at ₹6,256.82 crore.

Provisions (other than tax) and contingencies declined sharply to ₹260.67 crore in Q4 FY26, compared with ₹2,646.52 crore in the previous quarter.

On the business front, total assets rose to ₹29.14 lakh crore, compared to ₹26.42 lakh crore a year ago. Deposits increased to ₹18.30 lakh crore from ₹16.41 lakh crore in the year-ago period, while gross advances rose to ₹16.44 lakh crore from ₹14.20 lakh crore.

Apart from earnings, the lender has announced a dividend of ₹12 per equity share for shareholders, subject to necessary approvals. Shares of ICICI Bank on Friday settled at ₹1,352.80, up 0.54 per cent on the NSE.

(With inputs from IANS)