Indian Equities Remain Flat as HDFC Bank Offsets Oil Price Gains
Indian stock markets showed muted trading activity, with gains from rising oil prices being counterbalanced by weakness in HDFC Bank shares.
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Indian stock markets showed muted trading activity, with gains from rising oil prices being counterbalanced by weakness in HDFC Bank shares.
HDFC Bank and Trent were listed among 10 stocks that experienced the largest decrease in mutual fund value during July, with the overall monthly value declining by 5.6% to Rs 2,864 billion.
Indian lenders, including ICICI Bank, Kotak Mahindra Bank, IDFC First Bank, HDFC Bank, and Bank of Baroda, have collectively raised a massive $4.4 billion this week, leveraging an RBI swap wave to secure $12 billion via overseas debt.
HDFC Bank has been assigned a BBB rating by S&P and a Baa3 rating by Moody’s for its proposed issuance of $1.75 billion in senior notes.
HDFC Bank's board has imposed a Rs 1 lakh penalty on its Managing Director and Chief Financial Officer for an 'extra payout' to a Maharashtra Public Sector Undertaking (PSU) in a deposit case. The disciplinary action follows an investigation into the matter concerning the Maharashtra State Road Development Corporation (MSRDC) deposit.

Several major Indian banks, including ICICI, Kotak, Axis, and YES Bank, reported double-digit profit growth in the first quarter, with ICICI Bank's profit beating estimates due to surging loans. HDFC Bank, however, lagged behind its peers in profit growth.
HDFC Bank has seen its employee count decrease by more than 3,000 as the company increasingly adopts automation technologies. This reduction reflects a strategic shift towards automated processes within the banking giant.
An external review has cleared HDFC Bank of governance claims made by its former chairman, concluding an investigation into the allegations.
Investors are receiving key updates regarding new rules and changes affecting SBI Card, HDFC Bank, and the Reserve Bank of India, effective July 1.
HDFC Bank is said to have placed a debit freeze on the Trinamool Congress's account following a request from former West Bengal sports minister Aroop Biswas, who cited a dispute over party control.
Shares of HDFC Bank (HDB) fell after the bank reported deposit figures that did not meet market expectations.
HDFC Bank Limited (HDB) stock traded lower in the first quarter. This performance is being analyzed by investors and market observers.

HDFC Bank is facing scrutiny over allegations of camouflaging Rs 45 crore as marketing spend to pay higher interest to a state firm, raising questions about its governance and ethics.

The Bombay High Court has quashed a Rs 2-crore bribery First Information Report (FIR) filed by the Lilavati Trust against HDFC Bank CEO Sashidhar Jagdishan.
ICICI Bank and HDFC Bank have both reported robust financial results for the fourth quarter, with net profits soaring by 8-9% year-on-year. Both banks demonstrated strong credit growth and improved asset quality during this period.
HDFC Bank has released its financial metrics for the fourth quarter, providing an update on its performance.
Former HDFC Bank chairman Atanu Chakraborty has disputed MD Sashidhar Jagdishan's claims regarding staff action on high-risk bond sales, asserting his resignation stemmed from 'deeper governance issues' and a lack of alignment on ethics and values.

India's Securities and Exchange Board (SEBI) has initiated a review of the resignation of Atanu Chakraborty, the former Chairman of HDFC Bank, who reportedly quit due to a power struggle and clash of styles with CEO Sashidhar Jagdishan.

India Nifty’s Gains Look Fragile on Soaring Crude, HDFC Bank Board Exit Bloomberg.com

The abrupt resignation of Atanu Chakraborty as HDFC Bank's part-time chairman sent shockwaves through Dalal Street, prompting HDFC board members to assert the bank's corporate governance remains robust.
HDFC Bank Chair’s Hostile Exit Leaves Board “Baffled,” Investors Confused Bloomberg.com

The Reserve Bank of India (RBI) has stated that it has no concerns regarding the conduct or governance practices at HDFC Bank.
Mehul Kothari of Anand Rathi Shares and Stock Brokers has recommended Bajaj Finance, HDFC Bank, and Mahindra & Mahindra (M&M) as top stocks to buy today, March 18, 2026.
Indian financial institutions issued over 1.26 million new credit cards last month, with HDFC Bank and SBI leading issuance volumes, while total transaction values remained above ₹2 lakh crore.
ClaimsFiler has issued a shareholder alert for HDFC Bank Limited (HDB), notifying investors with losses exceeding $100,000 of the lead plaintiff deadline in a class action lawsuit against the bank.
HDFC Bank has successfully raised $1.75 billion in its biggest overseas fundraising effort, marking the highest amount secured since the 2008 global financial crisis.
HDFC Bank Limited is facing a lawsuit alleging securities law violations, with multiple legal groups encouraging investors to discuss their rights and potentially lead the class action.

HDFC Bank has been ordered to pay Rs 2.2 lakh to a victim of cyber fraud. This ruling comes as a specific legal action against the bank.
HDFC Bank announced its June-quarter profit, which missed analyst estimates as the bank's margins shrank.
HDFC Bank has eliminated more than 3,300 jobs as it accelerates its automation and technology-led transformation initiatives. This move reflects the bank's strategic shift towards increased digital operations.
Several financial changes will take effect in India starting July 1, 2026, including new income tax filing deadlines, a temporary free period for Aadhaar email updates, and shifts in SBI Card rewards and HDFC Bank credit card lounge access eligibility.
HDFC Bank has received a 'clean chit' following reports from law firms and an internal review that found no evidence to support statements made by its former chairman.

The Reserve Bank of India (RBI) has approved a three-month extension for Keki Mistry as the interim chairman of HDFC Bank. This decision comes amidst ongoing discussions and without a public report from law firms regarding the matter.

HDFC Bank and SBI have been ordered to pay compensation to customers for delays and wrongful freezing of their bank accounts. These rulings highlight issues with customer service and account management at major Indian banks.
Investors are expressing concerns that additional undisclosed issues or 'skeletons' might come to light at HDFC Bank.
A recent governance review conducted for HDFC Bank has reportedly concluded that no major lapses were found within the institution.

India's apex consumer body has criticized HDFC Bank for the 'illegal' seizure of a car and upheld compensation for the borrower, reinforcing consumer protection.

The Bombay High Court has directed HDFC Bank to remit Rs 38 lakh to a victim of cyber fraud, ruling that the individual was wrongfully deprived of their funds.

HDFC Bank has reportedly taken action against 15 executives for their alleged involvement in an AT-1 bond mis-selling case.
The departure of HDFC Bank's chairman is reportedly influenced by factors including Dubai curbs, scrutiny over bonds, and internal rifts within the organization.

HDFC Bank, one of India's largest private sector banks, is set to review the circumstances surrounding its chairman's exit following emerging ethics concerns.
HDFC Bank's shares experienced their worst day since the Covid crash following the resignation of its chairman, who cited ethical concerns as the reason for his departure.

The Federal Reserve is in a waiting period, contemplating its next moves as the stock market experiences a reversal influenced by wartime conditions, adding complexity to economic forecasts.
India's HDFC Bank says chairman exit may be over rift with management; stock falls Reuters
HDFC Bank chairman quits over 'values and ethics'; Keki Mistry is interim head Reuters
Billionaire investor Ken Fisher has publicly expressed his admiration for HDFC Bank Limited (HDB), highlighting his positive view on the Indian financial institution.
The Aditya Birla Group is tapping local lenders for the financing of Sprng Energy, with Axis Bank underwriting the entire amount and other banks like SBI and HDFC Bank evaluating commitments.
Shareholders of HDFC Bank Limited, GPGI, Inc., and Simply Good Foods Company who have incurred losses are being offered the opportunity to lead securities fraud lawsuits. These opportunities arise from alleged misrepresentations or omissions by the companies.
HDFC Bank successfully raised a record $1.75 billion through three- and five-year dollar bonds, marking the largest debt capital market raise by an Indian financial institution.

HDFC Bank Chairman Rajiv Kumar has stated that the bank's board will maintain a 'zero tolerance' policy towards unethical practices. This announcement underscores the bank's commitment to integrity and corporate governance.

HDFC Bank is reportedly under investigation by US law firms concerning alleged improper payments, leading to a 3% drop in its shares following an earlier report in May.
Both ICICI Bank and HDFC Bank have released highlights from their respective first-quarter earnings calls, providing insights into their financial performance.
HDFC Bank has announced the appointment of former Chief Election Commissioner Rajiv Kumar as its new chairman. Kumar has a distinguished background, having served on several key financial bodies.

HDFC Bank's board review has cleared allegations, but former chairman Atanu Chakraborty disputes the process, claiming the board ignored queries regarding the legal review after his resignation. The controversy surrounds the bank's internal governance.

An individual successfully won Rs 9,000 from HDFC Bank after being pursued for Rs 27,000 in credit card dues that were 17 years old.

HDFC Bank has successfully raised $750 million from international markets, prompting speculation on whether other Indian banks will follow suit.

The Bombay High Court has rejected a plea filed by Lilavati Trust seeking to restrain HDFC Bank and has imposed costs of Rs 5 lakh on the trust.
HDFC Bank shares experienced a 2% drop following reports of a probe into Rs 45 crore in interest payments. This development adds to existing concerns regarding the bank's governance.

The Bombay High Court has quashed a bribery First Information Report (FIR) filed against the HDFC Bank CEO, stemming from a loan recovery dispute.
According to hedge funds, ICICI Bank and Infosys are considered among the best Indian stocks to buy. These companies are highlighted for their investment potential.
Questions are being raised regarding the operations and recent developments at India's HDFC Bank. This comes amidst broader discussions on government restrictions on online speech.

HDFC Bank's stock experienced a decline after the announcement of its chairman's departure, prompting questions about whether the market reaction is excessive.
The unexpected departure of HDFC Bank's chairman has brought to light underlying leadership strains within the prominent Indian financial institution.
Analysts have adjusted ratings for several top stocks, with Nomura cutting Petronet LNG's target price due to the West Asia crisis, while HSBC maintained a hold on Blue Star and BofA Securities remained constructive on HDFC Bank.

Investors were left bewildered by the sudden resignation of HDFC Bank chairman Atanu Chakraborty, which triggered a 5% drop in the bank's shares.

Keki Mistry, the new HDFC Bank chairman following Atanu Chakraborty's resignation, has reassured stakeholders of the bank's commitment and shared insights into his four decades of banking experience.

The Reserve Bank of India (RBI) has approved HDFC Bank's transition plan following the chairman's resignation, noting the bank's sound financials and competent management.

Keki Mistry appointed as interim part time Chairman for three months

Swiggy and HDFC Bank have partnered to introduce two new co-branded credit cards, aiming to enhance everyday and travel rewards for their customers.