HDFC Bank Under Scrutiny Over Alleged Rs 45 Cr Payments Via Marketing Budget – BW Businessworld
The vigilance report also reportedly named CFO Srinivasan Vaidyanathan and several senior officials, alleging that the arrangement lacked formal documentation, compliance review and internal approval mechanisms HDFC Bank is facing allegations over payments worth Rs 45 crore made to the Maharashtra State Road Development Corporation (MSRDC), which were allegedly routed through the bank's marketing budget instead of being directly recorded…
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