It will be biz as usual at HDFC Bank despite Sukthankar leaving: analysts

Analysts had expected the stock to see a knee-jerk reaction to the development. Most suggest the fall can be bought into from a long-term perspective

Shares of HDFC Bank ended over 1% lower on the BSE at Rs 2091 levels, after the country’s largest private sector lender said its deputy managing director, Paresh Sukthankar, has tendered his resignation. The announcement came in on Friday after market hours. The stock had hit opened 2% lower at Rs 2,075 on the BSE on Monday.

Analysts had expected the stock to see a knee-jerk reaction to the development and most had suggested 'buy on dips' strategy from a long-term perspective. The exit, though a short-term sentiment dampener, is unlikely to have a lasting impact on the bank's performance,