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Palak Jain

27th May · SEBI-Registered Analyst

$HDFCBANK nk Share Price Falling: Stock declines over 2% after report on internal probe into Rs 45-crore interest payments

Shares of HDFC Bank, India’s leading private lender, fell over 2 per cent to an intraday low of Rs 761.25 during the early trade on Wednesday, May 27, following a local newspaper report alleging that the private lender’s Audit Committee had ordered a formal “Internal Vigilance Investigation” into payments totalling Rs 45 crore to a PSU disguised as marketing spend, raising concerns around the bank’s internal governance processes. HDFC Share Price

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