HDFC Bank Probe Finds Possible Confidential Information Leaks by Two Executives

Mumbai: HDFC Bank’s internal investigation has reportedly found evidence that two senior executives shared confidential business strategies and potentially market-sensitive information with outsiders. The review is ongoing as the bank examines whether the information was misused.

The bank confirmed that an internal review is underway and said appropriate action would be taken after examining the findings. The development comes amid management changes, with Anup Bagchi scheduled to take over as chief executive on October 27, following Sashidhar Jagdishan’s decision to step down.