Sensex
76,835.78 profit arw 776.01 (1.02%)
Nifty
23,995.95 profit arw 228.50 (0.96%)
Nasdaq
18,355.20 profit arw -497.09 (-2.64%)
logo img

GET IN TOUCH

GET IN TOUCH

Enter a 10 digit mobile number starting with 7, 8, or 9
Captcha verification code, enter the characters shown below

As on : 27-Jul-2026
Corporate News
27-Jul-2026     19:29

HDFC Bank concludes internal review on MSRDC arrangement

HDFC Bank today announced conclusion of an internal review process pertaining to the arrangement with Maharashtra State Road Development Corporation (MSRDC) for garnering deposits in 2017 and 2021.

Based on the findings and recommendation of the Special Disciplinary Committee of Independent Directors, the Board at its meeting held on 23 July 2026, concluded that the conduct of the employees involved constituted business overreach rather than any mala fide action, personal enrichment, or improper motive. However, keeping in view any potential divergence with the applicable RBI Directions and based on the recommendations of the Special Disciplinary Committee of Independent Directors, the Board decided to issue warning letters and monetary penalty of Rs 1 lakh for three senior employees (the Managing Director & CEO, Chief Financial Officer and Group Head - Retail Assets), and warning letters for the remaining employees.

INDIAN INDICES

Sensex

76,835.78 776.01 (1.02%)

Nifty

23,995.95 228.50 (0.96%)

GLOBAL INDICES

USD

NA

NASDAQ
HANG SENG

25,207.19 243.95(0.98%)