https://www.taxtmi.com/news?id=74007 HDFC Bank's board addressed potential divergence from applicable RBI Directions concerning deposits mobilised from the Maharashtra State Road Development Corporation and related marketing-expenditure payments. Based on recommendations of a Special Disciplinary Committee of Independent Directors, it treated the conduct as business overreach rather than mala fide conduct, personal enrichment, or improper motive. Monetary penalties and warning letters were issued to relevant employees, and the board directed communication of the matter to the Reserve Bank of India. en-us Mon, 27 Jul 2026 19:01:03 +0530 Mon, 27 Jul 2026 19:01:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=74007 HDFC Bank's board addressed potential divergence from applicable RBI Directions concerning deposits mobilised from the Maharashtra State Road Development Corporation and related marketing-expenditure payments. Based on recommendations of a Special Disciplinary Committee of Independent Directors, it treated the conduct as business overreach rather than mala fide conduct, personal enrichment, or improper motive. Monetary penalties and warning letters were issued to relevant employees, and the board directed communication of the matter to the Reserve Bank of India. News - Mon, 27 Jul 2026 19:01:03 +0530 https://www.taxtmi.com/news?id=74007