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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 30,000 cr in market cap in a single day. Maharashtra State Road Development Corporation officials said the 1.5% payout was a long-standing business model and an industry-wide convention.
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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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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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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…