HDFC Bank share price crash Highlights: Shares of HDFC Bank, India’s largest private lender, ended 5% lower on Thursday, March 19, following the sudden resignation of its part-time Chairman, Atanu Chakraborty, late Wednesday. At one point, the stock had lost 8% to hit a 52-week low of ₹772 today.
Positive statements from the RBI and the company’s board helped the stock recoup some losses. The RBI assured of no material concerns regarding the lender, while Keki Mistry, interim chair, said that the bank’s operational profitability remains strong.
HDFC Bank shares, meanwhile, remain on track to record the worst monthly fall in six years. Analysts advise against buying the HDFC Bank stock amid the recent fall.
Track this space for LIVE updates on HDFC Bank share price news.
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