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HDFC Bank shares slide about 15% in 2026 after leadership upheaval
The stock fell about 12% in the four trading days after chairman Atanu Chakraborty resigned on March 18, trimming roughly $16 billion in investor wealth.
HDFC Bank shares have been under sustained pressure during 2026 amid leadership changes and continuing post-merger challenges, with the stock down around 15% since March, according to data cited by LiveMint Markets.
As of October 2026, the bank’s shares were trading at ₹721.20, down about 15% from March 18, and nearly 30% below their 52-week high, marking the worst calendar-year performance since 2008, the outlet reported.
The turmoil began on March 18 when former chairman Atanu Chakraborty resigned, triggering an immediate sell-off as investors focused on governance and leadership stability. LiveMint Markets said the shares plunged 12% over the following four trading days, wiping out roughly $16 billion in investor wealth.
The article also notes that CEO Sashidhar Jagdishan’s planned exit followed months later, adding to investor concerns even after the appointment of Anup Bagchi as CEO, which the outlet frames as offering some hope for a turnaround while deposit mobilization and investor confidence remain key challenges.