HDFC BANK LTD (HDB) Form 6-K — Jul 27, 2026
HDFC Bank concluded an internal review into a 2017 and 2021 deposit arrangement with the Maharashtra State Road Development Corporation, determining that employee conduct represented business overreach rather than fraud or personal enrichment. The review was conducted by a Special Disciplinary Committee of Independent Directors to assess potential divergence with RBI Directions. Consequently, the Board issued warning letters and a monetary penalty of ₹1 lakh to the Managing Director & CEO, Chief Financial Officer, and Group Head of Retail Assets. Additional employees involved also received warning letters as part of the disciplinary measures.
Key figures
- Penalty amount inr
- ₹1,00,000
- Review period years
- 2017, 2021
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