HDFC Bank's shares fell by nearly 2% following reports that the bank allegedly paid 45 lakh rupees in illegal interest to the Maharashtra State Road Development Corporation (MSRDC) to attract deposits. The bank reportedly disguised this extra interest as 'marketing expenses.' The report also suggests that CEO Sashidhar Jagdishan was aware of these payments. This controversy follows the recent resignation of part-time chairman Atanu Chakraborty, contributing to a total 9.5% decline in the bank's stock value recently. https://www.loksatta.com/business/stock-market/hdfc-bank-share-crash-maharashtra-government-msrdc-deposit-45-crore-interest-internal-investigation-aam-93-5922902/ #creator program