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HDFC Bank Slaps Rs 1 Lakh Penalty On CEO, CFO Over MSRDC Deposits

The action comes soon after the appointment of former chief election commissioner and finance secretary Rajiv Kumar as part-time chairman of the bank.

Pulse Bharat · Why it matters

HDFC Bank's penalty on its CEO and CFO may signal a renewed focus on accountability and compliance within the banking sector.

Deccan Chronicle Mon, 27 Jul 2026 22:03
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