An internal probe at HDFC Bank found that two senior executives allegedly disclosed confidential business strategies and market-sensitive information to outsiders
Bank shares experienced a significant boost on Thursday, driven by a substantial forex inflow into India, primarily through the Reserve Bank of India's Foreign Currency Non-Resident (bank) (FCNR(B)) scheme
Chief Executive Officer (CEO) Sashidhar Jagdishan, Chief Financial Officer (CFO) Srinivasan Vaidyanatha and group head Arvind Vohra are to pay a monetary penalty of ₹1 lakh each as corrective action