HDFC Bank shares rose approximately 3% on Tuesday. This gain halted a four-day decline for the lender.
The bank hired external law firms to review the abrupt resignation of its chairman. This probe follows the March 18 resignation of part-time chairman Atanu Chakraborty.
Chakraborty cited a misalignment between his personal values and ethics and bank practices over the last two years. Significant investor concern previously erased billions in market value. The resulting sell-off pushed shares to a 52-week low.