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On Thursday HDFC Bank stock price opened with a gain of 2.49% at Rs 911.10 and later
touched an intraday high of Rs 930, rising 4.63% .HDFC Bank stock price closed 4% higher after the RBI asked the country's
top private lender to make key board appointment only after new chief executive
officer takes charge this year. Share price of HDFC Bank closed 3.98% or 35
points higher at Rs 924 compared to the previous close of Rs 888.95 .
Its market capitalisation rose to
Rs 5.06 lakh crore. HDFC Bank stock has gained 11% in one week. HDFC Bank stock
price trades higher than 5-day moving averages but lower than 20, 50, 100 and
200-day moving averages. The large cap stock has lost 27.32% since the
beginning of this year and 19% during the last one year. A communication dated
April 7, 2020, from Reserve Bank of India stating that since these are
important positions in the Bank, the Bank is advised to examine and submit the
proposal after a new MD and CEO assumes charge later this year," HDFC Bank
informed the stock exchanges. HDFC Bank said it would accordingly ensure
compliance with the Reserve Bank's instruction