GlobeNewswire·Sep 17, 2026, 10:00 AM ET

Kirby McInerney LLP Alerts Investors Who Acquired HDFC Bank Limited HDB Securities Between July 17, 2023 and May 26, 2026 of Pending Lawsuit

Kirby McInerney LLP reminds HDFC Bank investors of the October 13, 2026, deadline to seek the role of lead plaintiff in a federal securities class action.
The lawsuit covers the class period from July 17, 2023, through May 26, 2026, alleging HDFC made false statements & failed to disclose improper practices.
The complaint alleges HDFC camouflaged payments as marketing spend to pay higher interest to a state firm to induce deposits, with approval from senior management.
These activities are claimed to have violated regulations & company policies, resulting in overstated interest income & operating expenses.
On March 18, 2026, HDFC reported the resignation of Independent Director Atanu Chakraborty, citing practices incompatible with his values, causing the stock to fall 7.28% to $26.62.
On May 27, 2026, an Indian Express article reported HDFC made covert payments of approximately $4.7 million to the Maharashtra State Road Development Corporation to secure deposits at a 2.51% interest markup disguised as sponsorship, causing the stock to fall 4.1% to $23.78.
Investors who purchased securities during the class period can contact Lauren Molinaro at investigations@kmllp.com to discuss their rights at no cost.