HDFC Bank Share Price Falls 10% in 3 Days; Market Cap Slips Below ₹12 Trillion After Chairman's Exit

HDFC Bank share price (NSE: HDFCBANK) came under heavy selling pressure on March 23. The stock fell around 3% intraday and touched a fresh 52-week low of ₹756.60.

The decline is mainly linked to recent management developments and overall weak market sentiment.

Market Cap Falls Below ₹12 Lakh Crore

Due to the sharp fall in share price, the bank’s market capitalisation dropped below ₹12 lakh crore for the first time in more than 2 years.

• Current market cap: ₹11.70 lakh crore
• Previous peak: ₹15.54 lakh crore (July 2025)

This decline reflects strong selling pressure in the stock.

HDFC Bank Share Price Drops 10% in 3 Days After Chairman's Exit

The stock has fallen around 10% in the last 3 trading sessions following the sudden resignation of part-time chairman Atanu Chakraborty on March 18, 2026.

Additional Concerns Weigh on Stock

Apart from the leadership change, the stock also declined due to reports that the bank asked some executives to step down over alleged misselling practices.

These developments have raised concerns about governance and management stability in the near term.

Leadership Update and RBI Approval

The Reserve Bank of India has approved Keki Mistry as interim part-time chairman for 3 months, ensuring temporary leadership stability until a permanent appointment is made.

Read More: Centre Links Additional LPG Allocation to States Promoting Shift to Piped Gas.

HDFC Bank Share Price Performance in 2026 So Far

• Stock down around 23.7% in 2026
• Market cap reduced by about ₹3.6 lakh crore this year

This highlights the extent of the recent correction.

Conclusion

HDFC Bank shares are under pressure due to leadership changes and governance concerns, leading to a sharp fall in price and market capitalisation. 

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