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HDFC Bank share price crash Highlights: Shares of HDFC Bank, India's largest private lender, ended 5% lower on Thursday, March 19, following the sudden resignation of its part-time Chairman, Atanu Chakraborty, late Wednesday. At one point, the stock had lost 8% to hit a 52-week low of ₹772 today.

Positive statements from the RBI and the company's board helped the stock recoup some losses. The RBI assured of no material concerns regarding the lender, while Keki Mistry, interim chair, said that the bank's operational profitability remains strong.

HDFC Bank shares, meanwhile, remain on track to record the worst monthly fall in six years. Analysts advise against buying the HDFC Bank stock amid the recent fall.

Track this space for LIVE updates on HDFC Bank share price news.

HDFC Bank share price is down 10% in March and on track for the worst decline in six months.

HDFC Bank share price declined as much as 5.05% to ₹800.35 as of close. The stock had tumbled over 8% in intraday deals. The fall came following the sudden exit of part-time chairman Atanu Chakraborty.

HDFC Bank shares have delivered positive returns for 11 straight years, solidifying its presence as a key wealth generator on Dalal Street. The highest returns in last 11 years came in 2017 when the stock rallied 55.57%.

According to Trendlyne data, HDFC Bank is a consensus 'Buy' for HDFC Bank, with 29 strong buys and 6 buy calls. Meanwhile, there are 3 hold calls and no sell calls.

HDFC Bank posted a 12.17 per cent rise in consolidated profit to ₹19,807 crore for the December quarter, powered by a faster growth in non-interest income.

The city-headquartered lender had reported a consolidated net profit of ₹17,657 crore in the year-ago period and ₹19,611 crore in the preceding September quarter.

On a standalone basis, the net profit of the country's largest private sector lender increased 11.46 per cent to ₹18,653.75 crore for the October-December period.

Anand James, Chief Market Strategist, Geojit Investments Limited, said, “By breaking below Monday’s low, HDFC Bank has clearly stretched much beyond benchmark indices, which have largely held above their respective lows of Monday. While this gives hopes of a mean reversion swing higher, we are concerned that the slippage past Jan 2025’s low of 810 is suggestive of a further range expansion, favouring more downside. Projected objective is at 748, which would be invalidated by only a close back above 810.”

HDFC Bank remains fundamentally strong, well capitalized, and there is no formal governance concern highlighted by Reserve Bank of India so far. RBI’s statement that no material concern is on record gives near term comfort, while Keki Mistry also indicated that no specific irregularity was brought to the board’s attention.

However, the immediate resignation of Atanu Chakraborty has created uncertainty because his initial remarks sounded strong and naturally raised investor concerns. Even though he later clarified that he was not pointing to wrong doing, markets usually remain cautious until complete clarity emerges. Things currently appear to be under control, and a governance concern would become more serious only if there is another resignation by a key managerial person in the coming months.

Operationally, the bank is still dealing with post merger balance sheet adjustment, especially a high LDR and relatively slower retail loan growth, while some market share has shifted toward large PSU banks. For now, the stock looks more like a wait and watch case rather than an aggressive value buy, because sentiment will depend on whether this remains a temporary governance overhang or fades without further issues.

— Abhinav Tiwari, Research Analyst at Bonanza

Following the turmoil at HDFC Bank, Macquarie removed the stock from its marquee buy list, according to a Reuters report.

"Near-term underperformance may remain. While fundamentals remain strong with good ROA (returns on assets) , at this point in time, governance concerns will weigh down heavily on the stock. Investors would want more comfort from the board," Suresh Ganapathy, an analyst at Macquarie, was quoted as saying by Reuters.

In his first response following his resignation, Atanu Chakraborty, former Non-Executive Chairman of HDFC Bank, described the development as a routine matter and declined to elaborate on the circumstances surrounding his exit, according to an ANI report.

Speaking to ANI, Chakraborty said, "That's (resignation) on the exchange website. Nothing worth discussion. It's quite routine," indicating that the details of his resignation have already been disclosed through official channels.

(Source: ANI)

Price action shows that after rejection from a key resistance zone, the stock has resumed its downtrend by forming lower highs and lower lows, indicating continued selling pressure on the weekly timeframe.

The price is trading below all major short-term and long-term moving averages of 20, 50, 100, and 200 EMAs, confirming a sustained bearish trend structure.

The overall trend remains negative, and fresh positions should be avoided. The immediate support zone can act as a stop-loss for existing positions (750), while any bounce is likely to face resistance near the recent supply zone (850).

— Kunal Kamble, Sr. Technical Research Analyst at Bonanza

HDFC Bank share price crashed 8% to a 52-week low of ₹772 on the BSE today, as against the last closing price of ₹842.95. The investor sentiment had weakened significantly overnight as HDFC Bank ADRs tumbled as much as 7% after the bank informed about the resignation in a late-night filing.

At the day's low, HDFC Bank shares market capitalisation came in at ₹11.88 lakh crore as against the last close of 12.96 lakh crore.

HDFC Bank share price recovered from the day's low and traded 4.51% lower at ₹804.90 after the RBI commented that there are no material concerns regarding the lender. The stock had hit a 52-week low of ₹772 at the open.

The Reserve Bank has taken note of the recent developments in HDFC Bank. A transition arrangement as requested by the Bank has been approved by Reserve Bank as regards the position of Part Time Chairman of the Bank, the central bank said in a press release today.

“HDFC Bank is a Domestic Systemically Important Bank (D-SIB) with sound financials, professionally run board and competent management team. Basis our periodical assessment, there are no material concerns on record as regards its conduct or governance. The bank remains well-capitalized and the financial position of the bank remains satisfactory with sufficient liquidity. Reserve Bank will continue to engage with the Board and management on the way forward,” RBI added.

FII holding remains the highest in HDFC Bank among all investors. According to BSE data, FIIs held a cumulative 47.7% stake in the private lender as of December 2026.

HDFC Bank shares have plunged over 9% in March amid the meltdown in the Indian stock market. The resignation of Antanu Chakraborty has dealt a fresh blow to investors. If the fall persists, it would be the worst monthly decline for India's largest private lender in six years when HDFC Bank stock had crashed 27% in March 2020.

HDFC Bank shares have declined 19% so far in 2026 after ending in the green for 11 straight years. Meanwhile, on a longer time frame of three years and five years, the cumulative returns are handsome at 36% and 58%, respectively.

HDFC Bank shares emerged as the worst Sensex performer at this hour, shedding almost 5%. The bank alone accounted for a third of the losses in the benchmark index today.

HDFC Bank share price crash wiped off ₹1,09,219 crore from market cap. The total free float m-cap briefly slipped below ₹12 lakh crore at the day's low of ₹772.

Interim Chair Keki Mistry also said that there is no power struggle within the bank. “Differences on minor issues arise from time to time; no material issues have been raised. The bank received Srinivasan Vaidyanathan Chakraborty’s resignation letter yesterday,” he added.

During the concall, Mistry further clarified that there has been no discussion regarding governance issues within the board of HDFC Bank. He stated that the board will meet soon to decide on the next course of action.

Addressing the resignation, Mistry indicated that there could have been a relationship issue between Chakraborty and the management, while emphasising that the resignation has no connection to the bank’s operational profitability.

HDFC Bank CEO Sashidhar Jagdishan said, We will continue to ensure that trust in the bank is maintained."

He added that Deputy MD Kaizad Bharucha will take on more responsibilities going forward.

HDFC Bank concall underway; the company has downplayed the issues, saying "no material concerns" at this time.

Interim Chairman Keki Mistry said the board is not aware of the specific issues raised by Chakraborty in his resignation letter. He added that nothing changes regarding CEO Sashidhar Jagdishan’s reappointment and that the board remains committed to safeguarding investor confidence.

HDFC Bank shares crashed over 8% to hit a fresh 52-week low level on the BSE today following the part-time chairman's resignation.

HDFC Bank share price tumbled 7.94% to ₹776 on the BSE in pre-market trade after the resignation of Atanu Chakraborty. The ADRs of HDFC Bank had also tumbled 7% in overnight trade spooked by this development.

HDFC Bank on Wednesday said its chairman Atanu Chakraborty has resigned with immediate effect, with his letter from 17 March to the board citing “certain happenings and practices within the bank” that were “not in congruence” with his personal values and ethics.

In a late-night announcement, India’s largest private sector lender said the Reserve Bank of India (RBI) on Wednesday approved the appointment of board member and HDFC group veteran Keki Mistry as an interim part-time chairman for three months from 19 March.Saloni Goel has over nine years of experience as a business journalist, with a strong track record of covering the financial markets. Over the course ...

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