Corporate (Mis)governance
Resignation of the non-executive, independent Chairman of HDFC Bank Ltd. sent its share prices in a tailspin ~ declining by 5 per cent immediately, and reaching a sixteen year low within a fortnight.
Resignation of the non-executive, independent Chairman of HDFC Bank Ltd. sent its share prices in a tailspin ~ declining by 5 per cent immediately, and reaching a sixteen year low within a fortnight.
The mortgage lender's market cap touched Rs 5.03 lakh crore during the day, as the stock gained nearly 90% from its March lows.
