HDFC Bank Fines CEO, CFO ₹1 Lakh Each Over 'Business Overreach' After MSRDC Review

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Corporate Governance

27 July 2026 at 7:31 pm

HDFC Bank Fines CEO, CFO ₹1 Lakh Each Over 'Business Overreach' After MSRDC Review

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Summary

HDFC Bank has fined its CEO and CFO ₹1 lakh each and issued warning letters to three senior executives for "business overreach" related to deposit arrangements, following an independent review that found discrepancies with RBI directives.

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