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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The bank says the allegations against it and the CEO are a ploy to thwart the recovery of a loan granted to the Mehta family, which runs the trust.
HDFC Bank, in an exchange filing on Sunday, denied allegations made against it and Sashidhar Jagdishan, its managing director and chief executive officer, in an FIR filed at the Bandra police station in Mumbai by the Lilavati Kirtilal Mehta Medical Trust.
The Lilavati Kirtilal Mehta Medical Trust, or LKMMT, which runs a major healthcare institution in Mumbai, called for Jagdishan’s suspension and prosecution, accusing him of involvement in a series of financial frauds.
“The Trust calls upon the board of HDFC Bank, the RBI, SEBI and the Finance Ministry to suspend Jagdishan from all executive and board roles with immediate …
Aggressive expansion, continued dependence on its parent for business, and an adverse shift in the product mix weigh on profitability as well as investor sentiment.
The beleaguered lender outperformed larger rivals—and itself—on several metrics in FY26, but one-offs and a still weak retail engine keep its investors on edge.
Atanu Chakraborty’s resignation does not appear as damaging as the bank’s response to it. The ‘all is well’ narrative needs an independent audit.
