HDFC Bank's Stock Falls Amid Disappointing Deposit Growth and Leadership Changes
HDFC Bank (NYSE:HDB) experienced a decline in its stock price due to weaker-than-expected deposit growth. The bank also faced additional pressure after the unexpected resignation of its non-executive chairman, as noted by Sustainable Growth Advisers' Q1 investor letter.
Tickers: $HDB
Topics: deposit growth earnings performance executive resignation HDFC Bank