HDFC Bank ADRs Slide on Chairman Exit Amid Global Worries

HDFC Bank’s ADRs fell 7.5% after chairman Atanu Chakraborty resigned citing ethical concerns. RBI named Keki Mistry interim chairman. Weak global cues—rising crude above $110, Iran conflict, hawkish Fed, and continued FPI outflows—also pressured markets, with India’s indices expected to open lower.