HDFC Bank Ltd. is barely holding on to its position as the most influential stock on India’s equity benchmark as a leadership upheaval and governance concerns deepen a selloff. The country’s most-valuable lender’s weighting in the NSE Nifty 50 Index has shrunk to 9.81%, narrowly ahead of rival ICICI Bank Ltd.’s 9.34%, according to the latest data tracked by Bloomberg. The gap exceeded four percentage points at the start of the year.

Reliance Industries Ltd. is currently third with a weighting of slightly above 8%.