HDFC Bank shares in focus after Chairman steps down over ‘Values and Ethics’ concerns; ADR down over 7% – Markets

HDFC Bank shares in focus after Chairman steps down over ‘Values and Ethics’ concerns; ADR down over 7% - Markets


The chairman, in his resignation, wrote, “I joined the Board of HDFC Bank in May 2021. My tenure on the Board saw momentous events like the merger of the bank with HDFC Ltd, which created a conglomerate under the Bank. This strategic initiative made HDFC Bank the second-largest bank in the country. Though the benefits of the merger are yet to fully fructify.”



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