HDFCBANK

Slips as SEBI Review Triggers Governance Concerns

fell around 3% after reports that market regulator SEBI is reviewing the resignation letter of former part-time chairman Atanu Chakraborty for potential rule violations. The stock dropped to an intraday low of ₹759, snapping its recent gaining streak, as the development raised concerns around corporate governance. Chakraborty, however, stated he is unaware of any such probe, even as his resignation letter hinted at certain practices within the bank not aligning with his values. The news has created short-term uncertainty for investors, though the full impact will depend on the outcome of SEBI’s review.