HDFC Bank shares fall 2% to fresh 52-week low despite victory in Credit Suisse AT1 bonds cases in Bahrain
HDFC Bank shares fell despite the rejection of all seven Bahrain cases linked to Credit Suisse AT1 bonds. The stock remains under pressure amid governance concerns, recent losses and investor focus on earnings, while brokerages maintain positive views.
HDFC Bank's shares experienced a 2% decrease on Friday, reaching a new 52-week low of Rs 681.90 as the private lender won all seven cases filed against it in Bahrain by Credit Suisse investors. The bank's stock has declined around 4% in a week and 6% in a month, with overall losses totaling 31% in 2026. The Bahrain court dismissed all seven legal proceedings against HDFC Bank on September 9, rejecting allegations of mis-selling high-risk securities.
Investors claimed the bank engaged in gross negligence, intentional misrepresentation, and failed to disclose product features. HDFC Bank stated it would defend itself against unsubstantiated claims and stood by its customers. The bank also terminated three senior executives over their alleged role in the mis-selling of Credit Suisse AT1 bonds.
HDFC Bank's shares faced a significant sell-off in March following the resignation of its former part-time Chairman, Atanu Chakraborty, over personal values and ethics concerns.
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