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HDFC Bank completed its MSRDC deposit arrangement review.

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HDFC Bank LimitedHDFCBANK · Filed with the exchange

Findings revealed employee business overreach, not malafide intent.

The Board issued warning letters and a ₹0.01 Cr monetary penalty for three senior employees, including the MD & CEO.

The issue will be communicated to the RBI.

Read the original filing(PDF)

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