HDFC Bank concludes internal probe on MSRDC deposit case; fines ₹1 lakh each to three senior executives

The bank further said that based on the findings and recommendation of the special disciplinary committee of Independent Directors, the Board at its meeting held on July 23, 2026, came to a conclusion that the conduct of the employees involved constituted business overreach rather than any mala fide action, personal enrichment, or improper motive.

HDFC Bank, in a regulatory filing, said that, considering a potential divergence with applicable Reserve Bank of India (RBI) directions and based on the recommendations of the Special Disciplinary Committee of Independent Directors, the Board decided to take disciplinary action against three senior employees.

The bank added that this included issuing warning letters and a monetary penalty of ₹1 lakh to three senior executives—Managing Director & CEO, Chief Financial Officer, and Group Head – Retail Assets—while the remaining employees were issued warning letters.

The board has further directed that the matter be communicated to the Reserve Bank of India.

HDFC Bank Q1 FY27 earnings

HDFC Bank had reported a net profit of ₹19,060 crore in the first quarter of the current financial year, marking an increase of 5% from ₹18,155 crore in the same period last year driven by healthy loan growth and controlled credit costs.

The net profit in the April-June period was also aided by sharply lower provisions for bad loans. Its provisions during the quarter dropped by 79% to ₹3,060 crore from ₹14,442 crore and the total credit cost ratio was at 0.40% for the quarter ended June 30, 2026.

The bank's net interest income or the difference between interest earned on loans and expended on deposits, rose by 7% to ₹33,534 crore in first quarter from ₹31,438 crore in the year-ago period.

Net interest margin was at 3.26% on total assets and 3.40% based on interest earning assets.

The Mumbai-based lender's asset quality showed a slight improvement as its gross non-performing assets, as a percentage of total advances, came in at 1.17% compared with 1.4% in the year-ago period. In absolute terms, gross NPAs came in at ₹35,846 crore.

HDFC Bank share price trends

On Monday, HDFC Bank shares closed at ₹739.55 apiece on the National Stock Exchange, falling 0.44%. The development, however, came after the market hours.

From the beginning of the year, HDFC Bank shares have declined over 25%. Over a month’s time, the stock has slipped 7.3%, while for a six-month period, it has fallen 20%.

Shares of the firm had hit a 52-week high of ₹1,020.50 on October 23, 2025, and a 52-week low of ₹726.65 on April 2, 2026.

According to NSE data, as of July 27, 2026, HDFC Bank has a total market capitalisation of ₹11.40 lakh crore.