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HDB - Why Shares of Barclays Deutsche Bank and HDFC Bank All Shot Higher Today
HDFC Bank Limited
Several international bank stocks rose by double-digit percentages on the day, particularly European lenders Barclays(NYSE: BCS) and Deutsche Bank(NYSE: DB), which closed a respective 13% and 12% higher. Meanwhile, India's HDFC Bank(NYSE: HDB) added 10%.
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European banks will benefit from the European Union's (EU) decision, handed down on Tuesday, to enact a package of temporary "capital relief" measures for the economic bloc's lenders.