Shares of private lending bank HDFC rose on Tuesday amid the spring in Dalal Street. The share price of HDFC Bank increased by 3% in Tuesday’s trading session, breaking the trend of four days of decline. This increase came after the bank said that it has taken the help of external legal advisors to investigate the resignation of its former chairman.
The stock of India’s largest private bank opened at Rs 755 per share on March 24, while it had closed at Rs 744.15 the previous day. HDFC Bank shares have fallen by more than 12% in the last four sessions. In the information given to the exchange on Monday, HDFC Bank said that it has appointed external law firms to investigate the resignation of its part-time chairman Atanu Chakraborty Chakraborty. The bank further said that these law firms have been advised to submit their report on this matter within the stipulated time.
Atanu Chakraborty had resigned from the post of part-time chairman and independent director of the bank on March 18. He had cited differences with the board as the reason behind this. In his resignation letter, Chakraborty said that in the last two years, he had seen certain developments and ways of working within the bank which were not in accordance with his personal values and ethics.
Apart from this, on March 23, the bank also gave clarification about the recent termination of three employees from their jobs. This action was taken after an internal investigation related to a regulatory notice received from Dubai. The bank said that this matter has not had any significant impact on it. In the clarification given to the exchange, the bank, citing a report, said that this action was taken on the basis of the decision notice issued by Dubai Financial Services Authority on September 25, 2025 for its branch located at Dubai International Financial Center (DIFC).
HDFC Bank share price trend
Due to weak market environment, HDFC Bank’s share price has been under pressure in recent times. In the last one week, the stock of this private bank has declined by 11%, while Nifty 50 has registered a decline of 3.68%. Apart from this, this banking stock has declined by 17.47% in one month and by 24.18% since the beginning of the year (YTD). If we look at the long term, this stock has given a normal return of 1.63% in the last five years.
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