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HDFC Bank Slides Amid Lawsuit Claims and Leadership Woes

HDFC Bank logoHDFC Bank
Sig2.92Sen-6.80Env0.00Soc-3.90Gov-6.40

HDFC Bank shares have fallen sharply, weighing on sentiment as the lender faces legal, regulatory, and leadership challenges. The bank is dealing with a proposed U.S. securities class action over alleged illegal payments worth 450 million rupees to induce large deposits. Separately, investors report over 75 clients planning complaints over mis-selling, losses, and delayed redemptions, following a part-time chair’s March resignation citing ethical differences.

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