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HDFC Bank finds 'business overreach', fines CEO, senior employees
in5points
HDFC Bank internal review found 'business overreach' in MSRDC deposit arrangement.
Overreach was not due to personal enrichment.
Board issued monetary penalty of Rs 1 lakh each to CEO, CFO, and another senior employee.
Penalty was informed to the RBI.
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Rajeev Chandrasekhar / Jupiter Capital interests historically