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HDFC Bank CEO and MD, CFO get warning letters, ₹1 lakh penalty for ‘business overreach’ in MSRDC deposits

HDFC Bank reported that an internal review found employees involved in business overreach regarding MSRDC deposits. The Board issued warnings and imposed a monetary penalty on three senior employees, while informing the Reserve Bank of India. Jocelyn Fernandes Jocelyn Fernandes is a journalist and editor with nearly 13 years of experience covering the business, corporate, economy and markets beats in news. As chief content producer for around three years at Livemint (Hindustan Times), Joc... [1274 chars]

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