HDFC Bank filed a clarification with stock exchanges on May 28, 2026. This filing responded to media reports detailing an internal investigation into ₹45 crore in payments.
The reports triggered a share price drop of over 2%. They alleged HDFC Bank disguised the funds as marketing expenses to pay a higher interest rate to a state-owned entity.
HDFC Bank's internal audit function reviewed the matter, which the bank is comprehensively addressing.
The bank asserted the issue has no material impact on its financial statements. Consequently, the bank stated the matter does not warrant a specific disclosure to investors and emphasized that its internal controls remain robust.