HDFC Bank shares took a modest hit, slipping nearly 0.7% on Thursday after SEBI issued an administrative warning regarding non-compliance in its investment banking operations. This blip comes amidst an otherwise strong six-month rally that saw HDFC Bank shares surge 18%, adding ₹3 lakh crore to its market cap. Since its merger with HDFC, the bank has emerged as a top performer among private lenders, thanks to superior margins and solid asset quality—even as peers face rising concerns over unsecured loans. Despite the minor setback from SEBI’s warning, the bank’s strong fundamentals and positive analyst sentiment suggest this is merely a small bump on an otherwise smooth road. Shares closed at ₹1,858.95, down just 0.25%.