A rare phenomenon hits HDFC Bank's ADR after Atanu Chakraborty's exit
Published on 19/03/2026 02:55 PM
A rare phenomenon hits HDFC Bank's ADR after Atanu Chakraborty's exitOver the last six years, the bank’s ADR has slipped into a discount against the Indian entity only four times, with Wednesday’s discount of about 2.2% being the steepest.By Yoosef K March 19, 2026, 2:55:29 PM IST (Updated)It is rare to see the US-listed shares of HDFC Bank trade at a discount to their underlying Indian shares. The bank’s American Depositary Receipts (ADR) to lose their premium over the local shares for the first time since May 2022, after the resignation of Atanu Chakraborty as part-time Chairman of the bank.Continue Reading with CNBC-TV18 Access MembershipPriority Access and Networking: CNBC-TV18's flagship events Interaction with CNBC-TV18's journalists Webinars & LIVE Q&As with India Inc. Leaders Exclusive CNBC-TV18 studio & newsroom tours Premium business insights, expert opinions & analysis Curated lifestyle privileges & offers