HDFC Bank under investigation for securities fraud
pre-market1 source ↓written by the desknot a recommendation
- to close
- 4.1%
- per share
- $23.78
HDFC Bank is facing a US securities fraud investigation led by the Law Offices of Frank R. Cruz. The probe focuses on alleged financial improprieties involving ₹450M payments to Maharashtra's road development corporation, purportedly disguised as marketing expenses to secure large deposits. Following the news, HDFC Bank's stock fell 4.1% to close at $23.78 per share on 27 May 2026.
Not investment advice. For informational purposes only.