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Jefferies blames HDFC Bank controversy for impacting banking sector valuations

Posted on May 8, 2026
By Business News Today
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1 min read

Jefferies blames HDFC Bank controversy for impacting banking sector valuations

Jefferies said the leadership uncertainty at HDFC Bank has become a major overhang for the banking sector, dragging benchmark valuations despite strong fundamentals. The brokerage believes clarity on the banks management succession, along with easing West Asia tensions, could trigger a recovery in sector earnings and valuations.