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Source: Economic Times
Economic Times
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Banking Sector
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4 min
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23 Jul
Published
Banking Sector
4 min read· Economic TimesThree US law firms probe HDFC Bank over alleged Maharashtra deposit payments
HDFC Bank is facing fresh scrutiny in the US after three law firms launched investigations into whether the lender violated federal securities laws over allegations that it disguised ₹45 crore in payments to the Maharashtra State Road Development Corporation (MSRDC) as marketing expenses.
HDFC Bank is facing fresh scrutiny in the US after three law firms launched investigations into whether the lender violated federal securities laws over allegations that it disguised ₹45 crore in payments to the Maharashtra State Road Development Corporation (MSRDC) as marketing expenses.
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Source: Economic Times