Source: Reuters (via feed)
HDFC Bank shares slid 8.7% in pre-open trade on Thursday. The decline followed the resignation of part-time chairman Atanu Chakraborty. Chakraborty cited differences over “values and ethics” as the reason for his exit. The bank made the announcement regarding his resignation. This development coincided with the fall in share price.
BizTrendWire Insight:
Changes in senior leadership can result in immediate market price movements.
Changes in senior leadership can result in immediate market price movements.
