The Exchange has sought clarification from HDFC Bank Limited with respect to recent news item captioned HDFC Bank shares fall 2.5% after report on internal probe into Rs 45 crore interest payments. The response from the Company is attached.
HDFCBANK · price
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NSE and BSE sought clarification from HDFC Bank regarding a media report that the bank's shares fell 2.5% following news of an internal probe into Rs 45 crore interest payments made to a state transport firm. HDFC Bank responded that its Internal Audit function regularly conducts reviews and identifies observations, which are comprehensively addressed. The bank stated the matter does not have material impact on its financial statements and that its internal controls remain robust. HDFC Bank further clarified that no disclosure requirement under SEBI Regulation 30 is triggered, as the matter is not considered material.
The bank's response aims to reassure markets that the internal probe matter is routine and immaterial, though the underlying Rs 45 crore payment discrepancy remains unaddressed in detail. Shareholders should monitor for any follow-up disclosures if the matter escalates.