Kunal Kamble, technical analyst at Bonanza cautions against venturing into HDFC Bank stock for now due to a weak chart setup; while he sees support for Larsen & Toubro around ₹3,100 levels.
The rift came down to differing views over accountability, particularly over client losses tied to risky bonds sold by Credit Suisse
Here are the best of Business Standard's opinion pieces for today
HDFC Bank CEO Sashidhar Jagdishan says Chakraborty's exit and UAE onboarding gaps are unrelated, stresses strong governance, compliance fixes, and growth-focused strategy ahead
The sudden resignation of its chairman, therefore, cannot be treated as an ordinary event
The combined market valuation of five of the top-10 most-valued firms eroded by Rs 1 lakh crore last week, with HDFC Bank taking the biggest hit. Last week, the BSE benchmark Sensex dipped 30.96 points, or 0.04 per cent, and the NSE Nifty slipped 36.6 points, or 0.15 per cent. "Markets ended the week on a largely flat note with a negative bias, reflecting underlying caution among participants. The tone remained positive during the first three sessions; however, a sharp decline on Thursday erased the gains, followed by a volatile final session," Ajit Mishra, SVP, Research, Religare Broking Ltd, said. While HDFC Bank, ICICI Bank, Tata Consultancy Services (TCS), Bajaj Finance and Hindustan Unilever were the laggards, Reliance Industries, Bharti Airtel, State Bank of India, Infosys, and Life Insurance Corporation of India (LIC) emerged as the winners. The combined market valuation of the five firms eroded by Rs 1,02,771.87 crore. HDFC Bank's valuation tumbled Rs 56,124.48 crore to Rs
Move linked to alleged mis-selling of Credit Suisse AT1 bonds to NRIs; comes days after chairman Atanu Chakraborty's sudden resignation
Stock declines amid governance concerns after chairman's exit; brokerages say clarity on CEO reappointment and leadership stability may help restore investor confidence
HDFC Bank spent Thursday trying to explain why Chakraborty, a former senior bureaucrat in PM Narendra Modi's administration, left after almost five years as part-time chairman of the lender
HDFC Bank chairman Atanu Chakraborty quits citing ethical concerns, as spotlight turns on governance and trend of former bureaucrats leading private sector banks
Stocks to Watch today, March 20: HDFC Bank, TCS, NTPC, JSW Cement, and Nestle India are among the top stocks to watch today
RBI clears the air on governance concerns; mcap falls ₹66,433 cr
HDFC Bank reassures investors on governance and stability after Chairman Atanu Chakraborty's resignation, says RBI backing and board unity will help restore confidence
HDFC Bank board may seek clarification from former chairman Atanu Chakraborty over concerns cited in his resignation letter amid questions on governance and management relations
Keki Mistry takes charge as interim chairman of HDFC Bank, assuring stakeholders on governance and integrity after Atanu Chakraborty's resignation
During an analyst call in the morning, Jagdishan said the best period of the bank will start now, with growth returning to pre-merger levels
RBI's swift support for HDFC Bank after chairman's exit aims to calm depositor and investor sentiment, reflecting a rare but not unprecedented regulatory intervention
HDFC Bank Deputy MD Kaizad Bharucha is set for a larger role as the lender reviews its organisational structure, with RBI approving his reappointment for three years
Experts call for an independent directors' committee to probe circumstances behind Chakraborty's exit, citing ambiguity in resignation letter and investor concerns
A day after HDFC Bank Chairman Atanu Chakraborty resigned on ethical concerns, a top Finance Ministry official on Thursday said the bank is a "strong institution with strong fundamentals". Financial Services Secretary M Nagaraju said the Reserve Bank of India (RBI) has already issued a statement in this regard. "HDFC Bank is a strong institution with strong fundamentals," he told reporters. The remarks come after the sudden exit of Chakraborty as chairman of HDFC Bank -- the country's second-biggest lender -- effective March 18, 2026, citing ethical concerns. This is the first time that a part-time chairman of HDFC Bank has left mid-way, raising concerns over its functioning. Earlier in the day, the Reserve Bank said there were no material concerns on record as regards the bank's conduct or governance. "HDFC Bank is a Domestic Systemically Important Bank (D-SIB) with sound financials, a professionally run board and a competent management team. Based on our periodical assessment, t