During a meeting of the special disciplinary committee of independent directors, the board did not find anything conclusive that would constitute mala fide action, personal enrichment or improper motive 'but the conduct of the employees involved constituted business overreach', the bank told stock exchanges HDFC Bank's managing director and chief executive officer Sashidhar Jagdishan, chief financial officer Srinivasan Vaidyanathan and group head (retail assets) Arvind Vohra have been fined Rs 1 lakh each on the board's recommendation, the private lende... [1707 chars]
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