# HDFC Bank crashed more than 17% in March, with the sentiment souring further after its former part-time Chairman Atanu Chakraborty resigned from his.

*business · news · 2026-04-09 · The Economic Times*

## Key points

- Motilal Oswal increased SBI's portfolio weight by 100 basis points and reduced HDFC Bank exposure.
- RBI clarified there are no material governance or conduct concerns at HDFC Bank after recent resignations.
- HDFC Bank's post-merger stabilisation is driving margin improvement and improved deposit growth.
- SBI's valuation is now above historical multiples, potentially limiting near-term upside despite recent rebound.
- Analysts suggest HDFC Bank is better for long-term stability, while SBI offers higher but more volatile upside.

**Companies:** HDFC Bank, State Bank of India
**Countries:** India

[Read the full story on The Economic Times](https://economictimes.indiatimes.com/markets/stocks/news/hdfc-bank-vs-sbi-which-stock-should-you-buy-now/articleshow/130128765.cms)

---

Canonical: https://newsio.io/n/2a232de0-5e17-4c11-86f1-3de05f7a6076/hdfc-bank-crashed-more-than-17-in-march-with-the-sentiment-souring-further-after
Summarized by Newsio from The Economic Times. https://newsio.io/how-it-works