Economy

'Extra payout' to Maharashtra PSU: HDFC board slaps Rs 1 lakh fines on MD, CFO

· 27 July 2026 · 2 min read
'Extra payout' to Maharashtra PSU: HDFC board slaps Rs 1 lakh fines on MD, CFO

The Times of India has reported a new India-focused economy development: “'Extra payout' to Maharashtra PSU: HDFC board slaps Rs 1 lakh fines on MD, CFO.” The publisher's feed describes the story as follows: <![CDATA[HDFC Bank's board penalized top executives over deposit arrangements with MSRDC. The internal review found business overreach but no personal gain or mala fide intent. Top executives received nominal penalties and warning letters following the review's recommendations. This action

Original reporting by The Times of IndiaRead the full story

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