Rs 1 lakh crore wiped off! HDFC Bank shares slump 9%, set to record worst day since Covid crash

HDFC Bank shares plunged, erasing nearly ₹1 lakh crore in market value and marking their worst fall since the 2020 COVID crash. The decline followed the resignation of chairman Atanu Chakraborty, who cited value and ethics concerns. The bank said there were no other reasons for his exit, and Keki Mistry has been appointed interim chairman for three months.