HDFC Bank Sets a Governance Benchmark: Board Penalises Senior Executives in MSRDC Case
In a move that has drawn significant attention across India’s banking and corporate sectors, HDFC Bank’s Board of Directors has taken disciplinary action against some of its highest-ranking executives in connection with the MSRDC (Maharashtra State Road Development Corporation) case. The board imposed a ₹1 lakh penalty each on the bank’s Managing Director (MD), Chief…