An investigation into alleged irregular payments linked to deposit interest at HDFC Bank, involving payments from Maharashtra State Road Development Corporation, led to the chairman's resignation.
16 reports, 6 independent
Updated Aug 27
Gone quiet
Reached 4 outlets in its first 24 hours
- Reports
- 16
- Developments
- 7
- Repetition
- 75%
New informationRepeats or wire copies
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What happened
An investigation into alleged irregular payments linked to deposit interest at HDFC Bank, involving payments from Maharashtra State Road Development Corporation, led to the chairman's resignation.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- HDFC Bank funneled funds to MSRDC for deposits on May 27, 2026.Sub-event
Board imposes monetary penalty over concealed scheme involving ₹45 crore payments to MSRDC.1 source
- MSRDC allegedly funneled funds to HDFC Bank to encourage deposits.Sub-event
- HDFC Bank mobilized bulk deposits from the Maharashtra State Road Development Corporation.Sub-event
MSRDC deposit arrangement and governance concerns at HDFC Bank directed to RBI.1 source
RBI is investigating MSRDC over alleged irregular incentive payments.1 source
Investigation into irregular payments at HDFC Bank leads to chairman's resignation.1 source
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The entities involved
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Maharashtra State Road Development Corporation
public limited company fully owned by Government of Maharashtra
Nothing else this week.
Related events
Coverage
Newest first; wire copies grouped- moneylife.in
- thehindubusinessline.com
- moneycontrol.comHDFC Bank CEO, CFO fined Rs 1 lakh each in MSRDC case - Moneycontrol.com
- moneycontrol.com
- indianexpress.com
- ianslive.in
- moneycontrol.com
- prokerala.com