HDFC Bank's Shares Tumble Amid Payment Investigation Allegations

HDFC Bank's stock saw a near 3% dip following reports of an investigation into alleged Rs 45 crore payments to a Maharashtra agency. The bank denies wrongdoing, asserting its internal procedures are rigorous.

Shares of HDFC Bank fell almost 3% on Wednesday as reports emerged of an 'internal vigilance investigation' into Rs 45 crore payments to a government entity in Maharashtra.

The bank's share price declined both on the BSE and NSE, and its market value decreased by Rs 31,331.59 crore. The bank has refuted these concerns, stating its operations comply with proper protocols.