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HDFC Bank ADRs crash another 4% after sharp selloff, hinting at more losses on Friday
The Economic Times· 2026-03-19 17:33
On Thursday, the stock witnessed heavy selling pressure, with market cap erosion at one point touching around Rs 1 lakh crore. The selloff was triggered after Chakraborty stepped down, citing that certain "happenings and practices" within the bank over the past two years were not aligned with his personal values and ethics. However, the absence of specific details has added to uncertainty.HDFC Bank chief executive and managing director Sashidhar Jagdishan said the board had urged Chakraborty to reconsider ...