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HDFC Bank defends MD & CEO, slams Lilavati Trust claims
The Statesman Bhubaneswar
|June 09, 2025
HDFC Bank said it has received comprehensive legal advice and is committed to taking necessary steps to protect the integrity and reputation of its MD & CEO
India's largest private sector lender, HDFC Bank, said it will explore all legal avenues to defend its Managing Director and CEO, Sashidhar Jagdishan (photo), following serious allegations made by the Lilavati Kirtilal Mehta Medical (LKMM) Trust.
Notably, Lilavati sought regulatory action and criminal prosecution against the bank's top executive over an alleged financial fraud.
In a strongly worded statement, HDFC Bank said it has received comprehensive legal advice and is committed to taking necessary steps to protect the integrity and reputation of its MD & CEO. "HDFC Bank takes immense pride in the integrity and leadership of its MD & CEO," the statement read.
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