HDFC Bank clarifies on news article published in leading news paper that "HDFC, HDFC Bank merger buzz restarts."

"The media report is incorrect and no such proposal is being considered by the bank as on date," the bank said.

Shares of the bank declined Rs 5.95, or 0.71%, to settle at Rs 826.50. The total volume of shares traded was 326,520 at the BSE (Monday).