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HDFC Bank shares fall 2% on reports of internal probe over Rs 45 cr interest payments
HDFC Bank shares fell after a report revealed an internal investigation into Rs 45 crore payments to Maharashtra State Road Development Corporation. The Audit Committee ordered the probe into funds allegedly routed through the marketing department as 'differential interest' for a road safety campaign, with senior management, including CEO Sashidhar Jagdishan, reportedly involved in the decision.
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economictimes.indiatimes.com
HDFC Bank shares fall 2% on reports of internal probe over Rs 45 cr interest payments
HDFC Bank shares fell after a report revealed an internal investigation into Rs 45 crore payments to Maharashtra State Road Development Corporation. The Audit Committee ordered…
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thehindubusinessline.com
HDFC Bank falls on report of payments to attract big deposits
HDFC Bank shares drop 2% amid reports of illegal payments to attract deposits, raising governance concerns.
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HDFC Bank 'strongly' rejects Rs 45 cr payment route wrongdoing
HDFC Bank has strongly denied media reports alleging wrongdoing. The bank stated its internal oversight, audit, and control systems are robust. This clarification follows a report…
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timesofindia.indiatimes.com
HDFC Bank shares drop 2% on reports of probe regarding Rs 45 crore interest payments; bank ‘strongly rejects’ claims
HDFC Bank share price today: Shares of HDFC Bank, India’s largest private sector bank, dropped as much as 2% on Wednesday after a newspaper report alleged that the bank had made…
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newsbytesapp.com
HDFC Bank denies offering differential interest rates on deposits
HDFC Bank has dismissed claims of governance lapses following reports alleging Rs 45 crore in differential interest payments, asserting compliance with banking regulations.
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HDFC Bank may face regulatory scrutiny for alleged violation of RBI directions on deposits rates
HDFC Bank faces scrutiny over alleged regulatory violations, causing a 2.63% drop in its share price on BSE.
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HDFC Bank denies allegations of disguising interest payout
HDFC Bank stands resolutely against accusations of misconduct as an investigative report alleges that it masked differential interest payments to MSRDC as part of its marketing…
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HDFC shares fall 2.6% over 'extra payout' report
Reports that HDFC Bank used "marketing expenses" to compensate a state agency for placing large deposits rattled investors, with the bank's shares falling 2.6%, erasing over Rs…