HDFC Bank in the Dock: US Lawsuit, NCLT Blow, and a Stock That Won't Stop Falling

HDFC Bank shares tumbled 2.3% on Thursday to a fresh four-year low of ₹710 on the NSE, dragging the Sensex down 539 points to 76,933 and pushing the Nifty below the critical 24,100 mark. The selloff — which erased enough value to push the bank's market cap below ₹11 trillion — was triggered by a US class action lawsuit alleging HDFC Bank orchestrated a covert scheme to inflate interest payouts to Maharashtra...