HDFC Bank Board Fines MD, CFO for ‘Business Overreach’ in MSRDC Deposit Arrangements
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July 28, 2026
HDFC Bank's board penalized its MD and CFO with Rs 1 lakh fines and warning letters. An internal review found 'business overreach' in deposit arrangements with MSRDC, though no personal gain or mala fide intent was identified, underscoring the bank's…