HDFCBANK

under heat: India's largest private lender - A timeline of issues; from compliance to governance concerns - LIST

HDFC Bank is back under intense scrutiny after a sharp sell-off in its shares, triggered by the resignation of part-time chairman Atanu Chakraborty over ethical concerns, prompting a look at the bank’s chequered trail of past controversies. While the lender has consistently maintained strong growth and market leadership, the bank has a series of incidents over the years, ranging from fraud and compliance lapses to data breaches and legal allegations. Notably, HDFC Bank’s stock slid to a fresh 52-week low following the chairman’s exit on Thursday to hit an intraday low of Rs 770 apiece. 2017–2018 (reported later) – Odisha CSR Account Incident