HDFC Bank shares hit multi-year low
HDFC Bank shares fell to a two-and-a-half-year low as lingering legal challenges and leadership uncertainties weighed on investor sentiment. The lender faces a potential US class-action lawsuit and ongoing scrutiny over fund mis-selling allegations.
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HDFC BANK LIMITED shares fell 2.37% on Thursday in India, hitting a 2-1/2-year low and wiping out $2.6 billion in market value. The decline dragged down the benchmark Nifty 50 index amid mounting legal and leadership pressures. The stock is down over 25% this year, heading toward its worst annual performance since 2008.
