HDFC Bank CEO, MD, CFO Receive Warning Letters, ₹1 Lakh Penalty for MSRDC Deposit 'Business Overreach'

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Banking

27 July 2026 at 9:28 pm

HDFC Bank CEO, MD, CFO Receive Warning Letters, ₹1 Lakh Penalty for MSRDC Deposit 'Business Overreach'

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Summary

HDFC Bank's CEO, MD, and CFO received warning letters and a ₹1 lakh penalty following an internal review that found employees engaged in "business overreach" concerning MSRDC deposits.

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