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'Extra payout' to Maharashtra PSU: HDFC board slaps Rs 1 lakh fines on MD, CFO
MUMBAI: HDFC Bank's board on Monday imposed a penalty of Rs 1 lakh each on managing director & CEO Sashidhar Jagdishan, chief financial officer Srinivasan Vaidyanathan and group head of retail assets Arvind Vohra, and also issued warning letters following an internal review of the bank's deposit arrangements with Maharashtra State Road Development Corporation in 2017 and 2021.
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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…
