HDFC Bank shares fall 2% amid reports of internal probe into Rs 45 crore interest payments
· economictimes.indiatimes.com
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.
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