As soon as a class-action lawsuit was filed against HDFC Bank in America, there was a huge stir in the Indian stock market, the stock slipped to 52-week low; 25,000 crores lost in one stroke
The troubles of HDFC Bank, the biggest giant of the Indian stock market and the heavyweight of the banking sector, seem to be increasing continuously. The news of a securities fraud class-action lawsuit being filed against the bank and its top leadership in a United States (US) court saw strong selling in bank shares in … Read more