HDFCBANK shares have dropped about 25% year-to-date, sliding from ₹991 to ₹751 on the NSE, raising concerns about the heavyweight lender.
The stock has faced sustained pressure in recent weeks, particularly after the sudden resignation of part-time Chairman Atanu Chakraborty on 18 March 2026 for ethical reasons. The situation escalated with reports of possible action against a dozen executives over alleged mis-selling of AT-1 bonds.
Investor sentiment has weakened due to leadership uncertainty and governance concerns, even without major regulatory issues, leading to a valuation downgrade. Broader global headwinds—such as rising crude prices, currency stress, and continued foreign investor outflows—have further weighed on large financial stocks.
Despite this, experts suggest the bank’s core fundamentals remain stable. The recent weakness reflects a transition phase rather than structural decline. Following its merger with