HDFC Bank Falls Amid Governance Concerns, Brokerages Stay Bullish

HDFC Bank shares declined for a second session, dropping 2.2% (at the time of posting this post) after a 5.1% fall earlier, following the chairman’s resignation over governance concerns. Despite this, RBI reassurances and interim leadership support sentiment. Brokerages remain positive, maintaining ‘buy’ ratings and highlighting strong fundamentals with significant upside potential.