HDFC Bank share price down 25% YTD as governance crisis deepens ahead of CEO appointment
· Business · LiveMint, NDTV Profit
HDFC Bank share price fell over 25% year-to-date and 33% from its 52-week high of ₹1,020, trading at ₹730.20 on NSE on Thursday. Former Chairman Atanu Chakraborty resigned 14 months early citing a governance crisis, while MD & CEO Sashidhar Jagdishan declined an extension, creating a succession vacuum. The board has sent two candidates to the RBI for approval as the next Managing Director and CEO, though names remain undisclosed. Core fundamentals remain strong, with total deposits crossing ₹31.7 lakh crore and GNPA at 1.17% in Q1 FY27, yet valuation has de-rated to 2.37x P/BV from a historical 3.5x-4.2x.
Why it matters
Retail and institutional investors face eroding wealth as the bank's governance discount deepens, while the unresolved CEO succession threatens leadership stability at India's largest private lender.
Read the original report — LiveMint
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