Shares of HDFC Bank extended losses for a second straight session on Friday, falling 1.7 percent in opening trade even as broader markets rebounded sharply. The stock was trading

Motilal Oswal believes the appointment of the new Chairman and the submission of Sashi Jagdishan's name for next CEO term will help restore investor trust.

Atanu Chakraborty, a retired bureaucrat who served on the bank’s board for five years, cited ethical concerns in his resignation.

Questions remain on whether the concerns relate to organisational culture, a broader disconnect between individual values and the institution, or even issues around business practices such as product sales intensity.

HDFC Bank shares crashed 8% to hit the 52-week low in early morning trade today, following the sudden resignation of Atanu Chakraborty. The stock is down 9% in March so far and on track for the worst monthly fall in 6 years.

HDFC Bank: A lack of any stated specific instances wherein such incongruency would have occurred, during the analyst call, remains a point of concern, Antique Stock Broking said.

RBI finds no material concerns in HDFC Bank’s governance despite part-time chairman’s resignation over ethics differences.

HDFC Bank share price crashed 8% to a 52-week low of ₹772 on the BSE today, as against the last closing price of ₹842.95. The investor sentiment had weakened significantly overnight as HDFC Bank ADRs tumbled as much as 7% after the bank informed about the resignation in a late-night filing.

HDFC Bank management said the RBI approved the interim chairmanship in an exceptionally short timeframe, which the lender viewed as a strong signal of regulatory confidence in the institution.