HDFC Bank Ltd’s shares have risen 3 per cent to Rs 1,436.70 on the BSE in Monday’s intra-day trade as the Reserve Bank of India (RBI) lifted restrictions imposed on the private sector lender regarding its business-generating activities planned under the Digital 2.0 programme.
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Last week, HDFC Bank outperformed the market by gaining 8 per cent compared to a 6 per cent rise in the S&P BSE Sensex. However, in the last six months and during a year, it has underperformed by falling 7 per cent and 8 per cent, respectively. In comparison, the benchmark index was down 4 per cent in six months, while in one year, it rallied 10 per cent.
