Potential lawsuit is an irritant for HDFC Bank; no big damage seen

  • HDFC Bank’s ADR fell 2.8% in response to the lawsuit news, but its shares hardly budged here
  • Analysts highlight that past class action cases have not seen any drastic negative outcomes

Aparna Iyer
Updated18 Aug 2020, 09:53 PM IST
HDFC Bank is still the most valuable lender in terms of market capitalisation and majority of brokerages have a buy rating. Photo: Mint
HDFC Bank is still the most valuable lender in terms of market capitalisation and majority of brokerages have a buy rating. Photo: Mint

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