Law Offices of Howard G. Smith continues securities fraud investigation into HDFC Bank

Regulation
โดย GlobeNewswire·Read original
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The Law Offices of Howard G. Smith is continuing its investigation into HDFC Bank Limited for possible violations of federal securities laws. The investigation follows a May 27, 2026 report by the Indian Express alleging that HDFC Bank made payments of approximately ₹450 million rupees, or $4.7 million USD, to a road development corporation in Maharashtra to attract large deposits, disguising the payments as marketing spends and noting that the CEO was aware of them. On that news, HDFC Bank’s stock price fell $1.02, or 4.1%, to close at $23.78 per share. Investors who suffered losses are encouraged to contact the firm to discuss potential claims.

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