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[Sumit Kapoor @moneygurusumit]

🚨 $HDFC BANK UNDER PRESSURE

Shares dropped over 2% yesterday after reports surfaced alleging the bank made improper payments worth ₹45 crore to attract large deposits from a Maharashtra state agency.

The report claims:
• Payments were allegedly routed as “marketing expenses”
• Banking rules do not allow differential rates for depositors
• CEO Sashidhar Jagdishan was allegedly aware of the transactions

HDFC Bank has strongly denied all wrongdoing and said: “We strongly reject any assumptions of wrongdoing or culpability.”

Meanwhile:
• The stock is already down nearly 10% since March
• Governance concerns are growing
• RBI approval for the CEO’s reappointment is still pending

This story is no longer just about deposits, it’s about credibility.

[yellow rose @yellowrose99170]

@Mr_LeverageX UID--136134121

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