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HDFC Bank board issues warning letters, ₹ 1 lakh penalty to CEO, CFO in MSRDC deposit case
HDFC Bank imposes ₹1 lakh penalties on CEO and CFO for "business overreach" in MSRDC deposit case, raising governance concerns.
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economictimes.indiatimes.com
HDFC Bank fines CEO, CFO ₹1 lakh each after MSRDC review finds 'business overreach'
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…
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HDFC Bank fines CEO, CFO Rs 1 lakh each over MSRDC deposit case
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…
