Explained: Why HDFC Bank shares fell 4% in early trade today
Shares of HDFC Bank declined nearly 4% in early trade on Friday, following a lacklustre business update for the quarter ending June 30. HDFC Bank shares were down 3.97% at Rs 1,658.05 on the Bombay Stock Exchange (BSE) at 10:17 am. The decline, triggered by a reduction in loans and stagnant deposit growth, is a…