HDFC Bank share price extends losses to third straight session, down 23% YTD. More pain ahead?
New Delhi, May 29 -- HDFC Bank share price traded lower on Friday, extending its losses for the third consecutive session, amid sustained selling pressure. HDFC Bank shares fell as much as 1.31% to Rs.748.50 apiece on the BSE.
HDFC Bank shares have declined more than 5% in three sessions.
The recent fall in HDFC Bank share price came after a media report earlier this week alleged that the private lender conducted an internal vigilance investigation into interest payments worth Rs.45 crore made to a state transport firm.
On May 27, The Indian Express reported that an internal vigilance probe at HDFC Bank examined "differential interest" payments amounting to Rs.45 crore made to the Maharashtra State Road Development Corporation (MSRDC)....
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