HDFC Bank Refutes Allegations of Financial Irregularities in MSRDC Payments
HDFC Bank, India’s largest private sector lender, officially rejected allegations on Tuesday regarding financial irregularities involving Rs 45 crore in payments made to the Maharashtra State Road Development Corporation (MSRDC). The clarification follows media reports suggesting that the bank’s Audit Committee of the Board (ACB) had initiated a formal internal vigilance investigation into transactions processed…