Also to know is, is HDFC Bank in loss?
While HDFC Bank has said loan losses in its retail business have been stable and within expectations, that could change if India's economic growth and employment trends continue to worsen. Retail credit costs “are unlikely to remain benign over the medium term," Chhugani said.
Similarly, why is the market down today? Global Markets– One of the biggest reasons for share markets to go down is global economic trends. Indian economy is exposed to global markets with many foreign investors investing huge capital into Indian businesses.
Also, why IndusInd Bank is going down?
Shares of private sector lender IndusInd Bank plunged 12 per cent on Tuesday after overseas investors breached buying their limit, people in the know said.
Why is HDFC website down?
HDFC Bank's site, app down for the second straight day. Many HDFC Bank Ltd customers could not access their account information through the net banking and mobile banking portals for the second day on Tuesday due to a technical glitch.