HDFC Bank Limited has informed the Exchange regarding a press release dated Jun 11, 2025, titled "Media statement issued by the Bank in response to the repeated false, malicious and defamatory allegations and insinuations being made by the trustees of Lilavati Kirtilal Mehta Medical Trust (LKMMT) against the Bank and its MD and CEO".
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HDFC Bank has issued a strong public statement denying allegations made by the trustees of the Lilavati Kirtilal Mehta Medical Trust (LKMMT) against the bank and its MD & CEO. The bank called the claims 'false, malicious, and defamatory' and said neither the bank nor its CEO have done anything illegal, unethical, or improper. The bank stated the timing and nature of the allegations appear designed to obstruct its legal recovery and enforcement actions. HDFC Bank announced it will pursue legal remedies, including defamation proceedings, and urged the public and media not to amplify the unverified claims.
This is a reputational and legal dispute rather than a financial event, so direct impact on the stock is likely limited. However, prolonged public sparring with a well-known trust could keep the issue in the news and may pressure sentiment in the near term until legal proceedings play out.