HDFC Bank shares fall over 2% to hit 52-week low: Here's why- Moneycontrol.com | moneycontrol.com

HDFC Bank's shares dropped 2.3%, hitting a 52-week low of Rs 710, due to a US lawsuit alleging securities law violations. The bank's market cap fell below Rs 11 trillion. The broader market also declined, with the BSE Sensex and NSE Nifty falling 0.70% and 0.48% respectively.

HDFC Bank (HDFC) faces a US lawsuit alleging concealment of a ₹45 crore payment scheme to MSRDC, misrepresenting it as marketing expenses. The bank's CEO and CFO are named. HDFC denies wrongdoing. Shares fell 2% recently, down 28% YTD. The case covers investors from July 2023 to May 2026, seeking damages for alleged securities violations.

HDFC Bank faces a U.S. class-action lawsuit alleging it disguised interest payouts as marketing expenses, violating RBI rules. The bank's shares fell 7.28% and 4.1% following the resignation of its chairman and an exposé. HDFC denies wrongdoing and plans to defend itself. The lawsuit seeks damages for alleged securities violations.

HDFC Bank's shares fell 1% after a US class-action lawsuit alleged misleading statements and undisclosed payments to MSRDC. The bank denies claims, calling them meritless. The case involves CEO Sashidhar Jagdishan and covers investors from July 2023 to May 2026.

HDFC Bank faces a US securities fraud lawsuit alleging misleading statements and nondisclosure of payments to MSRDC. The case involves payments made in 2017 and 2021, with the bank's ADS falling after allegations surfaced. HDFC denies wrongdoing and plans to defend itself. The lawsuit seeks compensation for investors.

HDFC Bank faces a US lawsuit alleging securities law violations and fund diversion. The case involves ₹45 crore diverted to a Maharashtra government entity. Shares dropped over 2% intraday on Thursday, according to the report.