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Deadline Alert: HDFC Bank Limited (HDB) Shareholders Who Lost Money Urged To Contact Glancy Prongay Wolke & Rotter LLP About Securities Fraud Lawsuit
GlobeNewswire Inc.·
HDFC Bank Limited faces a class action securities fraud lawsuit alleging the company camouflaged approximately $4.7 million in covert payments as marketing spend to induce deposits from a state firm. The scandal, which involved senior management approval, triggered significant stock price declines following the resignation of the Chairman in March 2026 and investigative reporting in May 2026. Shareholders who purchased HDFC securities between July 17, 2023 and May 26, 2026 have until October 13, 2026 to file lead plaintiff motions.
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