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HDFC Bank denies allegations of disguising interest payout
HDFC Bank stands resolutely against accusations of misconduct as an investigative report alleges that it masked differential interest payments to MSRDC as part of its marketing budget. The bank emphasizes its stringent internal controls and refutes any speculation of wrongdoing.
HDFC Bank denies allegations of disguising interest payout
HDFC Bank stands resolutely against accusations of misconduct as an investigative report alleges that it masked differential interest payments to MSRDC as part of its marketing budget. The bank emphasizes its stringent internal controls and refutes any speculation of wrongdoing.
HDFC Bank shares fall as report flags payments routed to benefit depositor MSRDC
Shares of HDFC Bank fell after a report alleged the bank internally investigated ₹45 crore in payments linked to MSRDC deposits. The episode has renewed investor concerns around governance standards at India’s largest private lender.
HDFC Bank ends lower amid reports of alleged irregular payments to MSRDC
HDFC Bank declined 2.63% to settle at Rs 758.50 following media reports alleged that the bank had made unauthorized payments to a state government agency, MSRDC to attract deposits.
HDFC Bank shares drop 2% on reports of probe regarding Rs 45 crore interest payments; bank ‘strongly reje - The Times of India
HDFC Bank shares drop 2% on reports of probe regarding Rs 45 crore interest payments; bank ‘strongly rejeThe Times of India
HDFC Bank 'strongly' rejects Rs 45 cr payment route wrongdoing
HDFC Bank has strongly denied media reports alleging wrongdoing. The bank stated its internal oversight, audit, and control systems are robust. This clarification follows a report about an internal investigation into Rs 45 crore payments. The payments were reportedly disguised as marketing expenses to a public sector undertaking. HDFC Bank maintains its commitment to transparency and strong governance.
HDFC Bank shares fall 2% on reports of internal probe over Rs 45 cr interest payments
HDFC Bank shares fell after a report revealed an internal investigation into Rs 45 crore payments to Maharashtra State Road Development Corporation. The Audit Committee ordered the probe into funds allegedly routed through the marketing department as 'differential interest' for a road safety campaign, with senior management, including CEO Sashidhar Jagdishan, reportedly involved in the decision.
HDFC Bank share price falls over 2% after report flags internal probe into ₹45 crore interest payments to MSRDC
A report said that an internal vigilance probe at HDFC Bank examined “differential interest” payments amounting to ₹45 crore made to the Maharashtra State Road Development Corporation (MSRDC).
Stocks in news: Coal India, Marico, Fino Payments Bank, L&T, Physicswallah
Indian markets closed lower amid global volatility and geopolitical concerns, with analysts expecting continued choppiness due to monthly expiry. Several stocks like Coal India, Marico, and L&T are in focus due to news developments, including government stake sales, new product launches, and order wins.
Stocks to Watch for May 27: Coal India, JK Tyre, Siemens, HG Infra and more
JK Tyre leads Q4 earnings as profits surge, while P&G Health, Siemens, Fino Payments Bank and others post mixed results and key dividend, leadership updates. Here are few stocks to track ahead of Wednesday's session.
RBI approves 3-month extension for Fino Payments Bank interim CEO
Fino Payments Bank announced that the Reserve Bank of India has approved a three-month extension for Ketan Merchant as interim CEO. This follows the earlier approval for his appointment after the arrest of MD and CEO Rishi Gupta. Gupta has since taken voluntary retirement. The bank's shares saw a rise on the BSE.
Fino Payments Bank gets RBI nod to extend Ketan Merchant’s interim CEO tenure by 3 months
Fino Payments Bank had announced on February 27 that its MD and CEO, Rishi Gupta, had been arrested under the CGST Act, 2017 and the SGST Act, 2017. Shares of FINO Payments Bank Ltd ended at ₹128.70, up by ₹3.40, or 2.71%, on the BSE today, May 26.