HDFC Bank CEO, CFO fined Rs 1 lakh each in MSRDC case

HDFC Bank CEO and CFO were fined Rs 1 lakh each by the bank's special disciplinary committee in the MSRDC case.

The board found no conclusive evidence of mala fide action, personal enrichment, or improper motive.

The conduct of the employees involved was described as 'business overreach'.