HDFC Bank Limited (HDB) Investors: Securities Fraud Class Action Filed, Contact Hagens Berman Before October 13, 2026 Lead Plaintiff Deadline
Hagens Berman, a plaintiffs' securities law firm, is notifying investors of a pending securities fraud class action against HDFC Bank Limited (NYSE: HDB), with a class period of July 17, 2023 through May 26, 2026 and an October 13, 2026 lead plaintiff deadline. The complaint alleges the bank routed roughly Rs 45 crore (about $4.7 million) to Maharashtra State Road Development Corporation disguised as marketing spend to justify a 6.01% deposit rate, a 2.51% markup over standard retail savings, in violation of RBI Master Directions.
Key figures
- Class period
- July 17, 2023 - May 26, 2026
- Ads drop 2026 03 18
- 7.28%
- Ads drop 2026 05 27
- 4.1%
- Msrdc interest rate
- 6.01%
- Ads close 2026 05 27
- $23.78
- Lead plaintiff deadline
- Oct. 13, 2026
- Alleged disguised payment usd
- approx. $4.7 million USD
- Rate markup vs retail savings
- 2.51%
AI analysis
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