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HDFC Bank Appoints Anup Bagchi As Managing Director And CEO For A Term Of Three Years, Effective October 27
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HDFC BANK LAWSUIT ALERT: Bragar Eagel & Squire, P.C. Urges HDFC Bank Limited Investors to Contact the Firm Seeking Lead Plaintiff Role Before October 13th
A class action lawsuit has been filed against HDFC Bank Limited for allegedly making materially false statements and failing to disclose that the company camouflaged payments as marketing spend to pay higher interest to a state firm. The scheme was allegedly approved by senior management and likely violated regulations. Investors who purchased HDB securities between July 17, 2023 and May 26, 2026 can apply to be lead plaintiff by October 13, 2026.
HDFC Bank shares are trading higher after the company appointed Anup Bagchi as Managing Director and CEO starting in late October. The move removes a leadership speculation overhang for the stock.