Why HDFC Bank’s board has imposed a Rs 1 lakh penalty each on its MD, CFO and Group head
The board also issued warning letters to the other employees involved in the case, which relates to the mobilisation of large deposits from MSRDC between 2017 and 2021 through the alleged payment of around Rs 45 crore under the head of marketing expenses. 
RASIPOGULA GOPAL
Sr. Reporter
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