HDFC Bank Ltd

The Nifty March 2026 futures closed at 22,801.70, a discount of 17.9 points compared with the Nifty's closing at 22,819.60 in the cash market. In the cash market, The Nifty 50 index fell 488.85 points or 2.09% to 22,819.60. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term rallied 8.77% to 26.80. HDFC Bank, Reliance Industries and Infosys were the top-traded individual stock futures contracts in the F&O segment of the NSE. The March 2026 F&O contracts will expire on 30 March 2026.Powered by Capital Market - Live

HDFC Bank will hold a meeting of the Board of Directors of the Company on 18 April 2026.Powered by Capital Market - Live

The Nifty March 2026 futures closed at 23,310.10, a premium of 3.65 points compared with the Nifty's closing at 23,306.45 in the cash market. In the cash market, the Nifty 50 index soared 394.05 points or 1.72% to 23,306.45. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, shed 0.40% to 24.64. HDFC Bank, Tata Consultancy Services (TCS) and Infosys were the top-traded individual stock futures contracts in the F&O segment of the NSE. The March 2026 F&O contracts will expire on 30 March 2026.Powered by Capital Market - Live

HDFC Bank has allotted 13,85,694 equity shares to the employees of the Bank pursuant to exercise of options/RSU's under its Employees Stock Options Scheme (ESOS). With this, the paid up equity share capital of the Bank has increased to 15,39,33,68,328 equity shares of Re.1/- each.Powered by Capital Market - Live

The Nifty March 2026 futures closed at 22,984, a premium of 71.6 points compared with the Nifty's closing at 22,912.40 in the cash market. In the cash market, The Nifty 50 index soared 399.75 points or 1.78% to 22,912.40. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, dropped 7.44% to 24.74. HDFC Bank, Infosys and Tata Consultancy Services (TCS) were the top-traded individual stock futures contracts in the F&O segment of the NSE. The March 2026 F&O contracts will expire on 30 March 2026.Powered by Capital Market - Live

The board of HDFC Bank at its meeting held on 23 March 2026 has approved the appointment of external law firms (domestic and international), to conduct review regarding Atanu Chakraborty's resignation letter. The said law firms have been advised to provide their report on the same within a reasonable period of time. Powered by Capital Market - Live

The stock is down 10.50% in four consecutive sessions. The decline follows reports that the bank has terminated three senior employees after an internal investigation into alleged mis-selling of AT1 bonds to NRI clients. According to media reports, the action follows a detailed review of transactions conducted via the bank's overseas operations. The transactions were primarily linked to its Dubai branch. The issue relates to the sale of Credit Suisse AT1 bonds. These bonds were written off after Credit Suisse went bankrupt and was taken over by another banking giant, UBS. Reports suggest some NRI clients were encouraged to move FCNR deposits to overseas accounts. These funds were then used to invest in high-risk AT1 bonds. The development comes amid regulatory scrutiny and investor concerns. It also adds to pressure following the recent resignation of part-time chairman Atanu Chakraborty. Chakraborty stepped down on 18 March 2026 citing certain developments not aligned with his personal values and ethics. The Reserve Bank of India subsequently approved Keki Mistry as interim chairman for three months starting 19 March 2026. The RBI has also stated that the bank remains well-capitalised with no material concerns on governance or financial stability. Meanwhile, in its analyst call, the bank's management and board members reiterated that there are no material governance or operational issues, with internal controls, risk management and oversight mechanisms remaining robust. Brokerage sentiment has turned cautious. A domestic brokerage has cut its target price to Rs 1,090 from Rs 1,200, citing governance-related overhang. HDFC Bank is India's largest private sector lender. As of 31st December 2025, the bank's distribution network was at 9,616 branches and 21,176 ATMs across 4,170 cities/ towns as against 9,143 branches and 21,049 ATMs across 4,101 cities/ towns as of 31 December 2024. The bank reported a 11.46% jump in standalone net profit to Rs 18,563.75 crore on 2.91% increase in total income to Rs 90,005 crore in Q3 FY26 over Q3 FY25. Powered by Capital Market - Live

HDFC Bank announced that based on an application made by the Bank in this regard, the Reserve Bank of India on 18 March 2026, has granted its approval for the appointment of Keki Mistry (DIN: 00008886) as an interim Part time Chairman of the Bank with effect from 19 March 2026, for a period of 3 months.Powered by Capital Market - Live

HDFC Bank announced that Atanu Chakraborty (DIN: 01469375) has on 18 March 2026, tendered his resignation as the Part-time Chairman and Independent Director of the Bank with immediate effect. In his resignation letter he said, Certain happenings and practices within the bank, that I have observed over last two years, are not in congruence with my personal values and ethics. This is the basis of my aforesaid decision.Powered by Capital Market - Live

The bank informed exchanges that Chakraborty tendered his resignation on 18 March 2026, with immediate effect. In his resignation letter dated 17 March 2026, he cited certain practices within the bank over the past two years that were not aligned with his personal values and ethics as the reason for stepping down. He also clarified that there were no other material reasons for his resignation. HDFC Bank further stated that it received the resignation letter on 18 March 2026 at 15:17 IST. The board acknowledged his contribution during his tenure and placed on record its appreciation. Following the development, the Reserve Bank of India approved the appointment of Keki Mistry as interim part-time chairman, effective 19 March 2026, for a period of three months. In addition, the bank scheduled an analyst and investor call on 19 March 2026 at 09:00 IST to address the developments and engage with stakeholders. HDFC Bank is India's largest private sector lender. As of 31st December 2025, the bank's distribution network was at 9,616 branches and 21,176 ATMs across 4,170 cities/ towns as against 9,143 branches and 21,049 ATMs across 4,101 cities/ towns as of 31 December 2024. The bank reported a 11.46% jump in standalone net profit to Rs 18,563.75 crore on 2.91% increase in total income to Rs 90,005 crore in Q3 FY26 over Q3 FY25. Powered by Capital Market - Live