HDFC, ICICI Bank shares steady despite Cobrapost allegation

Shares of the HDFC Bank , Axis Bank and ICICI Bank recovered despite an online magazine Cobrapost claimed that some of the country's largest private sector banks help in money-laundering.

Shares of the HDFC Bank were seen trading at Rs 648 higher by 2% on BSE at 12.30 pm IST. The bank touched an intra-day low of Rs 615.

ICICI Bank shares were trading at Rs 1104, higher by 1.67% on BSE. The stock touched an intra-day low of Rs 1060.

Axis Bank also recovered and was seen trading at Rs 1359 higher by 0.91% on BSE.

Reacting to the news, ICICI Bank's Spokesperson said,that ICICI Bank conducts its business with the highestlevel of compliance to legal and regulatory requirements

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