HDFC Bank fined its CEO and CFO Rs 1 lakh each for business overreach in a 2017-2021 deposit arrangement, with the matter reported to the Reserve Bank of India.

HDFC Bank has taken disciplinary action against certain employees after finding them guilty of business overreach related to deposit arrangements. As a result, three senior…

In a notable move, HDFC Bank has penalized senior executives and delivered warning letters after conducting an internal assessment of a deposit arrangement from 2017 and 2021. The…