HDFC Bank ve druhém fiskálním čtvrtletí zrychlila růst vkladů i úvěrů; čistá úroková marže činila 3,32 % a vedení očekává její zlepšení od příštího čtvrtletí.
Modi Momentum: Finding Stability in India’s Goldilocks EconomyHDFC Bank NYSE: HDB said its deposit and loan growth accelerated in the second quarter of fiscal 2027, while management indicated that net interest margins may begin improving from the next quarter as loan repricing catches up with funding costs.
Chief Executive Officer Sashi Jagdishan said the economic backdrop remained supportive, citing stronger-than-anticipated first-quarter GDP growth, industrial production, e-way bills, cargo activity and credit growth. He also pointed to retail-consumption indicators, including passenger-vehicle and two-wheeler sales growth of more than 30% and consumer durables growth of about 11% year over year.
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The call also marked a leadership transition. Jagdishan said his tenure at the bank was ending and welcomed Anup Bagchi as the new Managing Director and CEO. Later in the call, the bank disclosed that Deputy Managing Director Kaizad Bharucha had requested early retirement effective at the end of December.
Deposit Growth and Retail Momentum
Reported deposits rose 18.8% year over year, including a roughly 4-percentage-point benefit from the Reserve Bank of India’s special FCNR swap window, Jagdishan said. CASA deposits grew 10.8%, while retail CASA increased 11.2%, compared with 9% growth a year earlier.
The bank added approximately 1.7 million liability relationships during the quarter, up 25% from the prior quarter and 33% from the fourth quarter of the prior fiscal year. Jagdishan said investments in distribution, digital journeys and customer engagement should support further growth, though certain large and unusual deposit outflows during the quarter masked underlying momentum.
He said the bank’s retail CASA ratio was in the “late 40s” and had remained relatively stable over time. However, he acknowledged broader structural pressure on low-cost deposit growth as household savings behavior changes and as the bank replaces former HDFC Ltd. borrowing maturities with deposits.
Chief Financial Officer Srinivasan Vaidyanathan said the bank’s liquidity coverage ratio stood at approximately 113%, within management’s desired operating range of 110% to 120%. He said HDFC Bank intends to operate closer to the middle of that range while continuing to grow. Management also said that, despite the LCR level, the bank’s overall liquidity was “extremely comfortable.”
Loans, Asset Quality and Operating Improvements
Total assets under management increased 15.3% year over year, including a 1.9% impact from FCNR leverage. Retail and small and medium enterprise lending led growth. Retail disbursements exceeded INR 90,000 crore during the quarter, up from INR 76,000 crore in the first quarter.
Retail assets excluding agriculture grew 11.2% as of September 2026, compared with 9.1% in June and 7.4% in March. New credit-card issuance reached 1.4 million, an increase of nearly 19% from the preceding quarter.
Growth in MSME and mid-market lending also strengthened. End-of-period loans in the segment increased 23.5% year over year, aided in part by the Emergency Credit Line Guarantee Scheme 5.0. HDFC Bank said it disbursed INR 41,000 crore under the program, the highest amount among banks.
Management attributed the acceleration to tighter daily operating processes across frontline, credit, operations and service teams, as well as higher digital adoption and straight-through processing. Product-delivery turnaround times declined by 10% to 15%, while service turnaround times fell 30%. Customer visits per employee per day increased by about 50% from the previous quarter, Jagdishan said.
Asset quality remained stable. Gross nonperforming assets were 1.11%, down 13 basis points year over year, while credit costs were 44 basis points. Vaidyanathan said lower slippages reflected improvement across most lending portfolios rather than simply a change in the loan mix. Bharucha added that agricultural gross NPAs remained broadly steady through September despite a weaker and uneven monsoon.
Margins Expected to Improve
Net interest margin was 3.32% during the quarter. Vaidyanathan said the cost of funds remained flat sequentially at about 4.4%, rather than declining, because growth in higher-cost time deposits—particularly FCNR deposits—offset repricing benefits elsewhere in the funding base.
About 70% of the loan book is floating rate, management said. Following a 25-basis-point rate increase in October, the bank expects much of the benefit from loan repricing to be reflected by December. While the full-quarter impact of FCNR deposits will offset some of that benefit, executives said the margin outlook was neutral to positive and characterized the second quarter as the likely bottom of the margin cycle.
Bharucha said the bank expects continued growth in retail and MSME lending, while maintaining its presence in corporate banking. He said management would pursue a calibrated mix rather than shifting portfolios solely to capture modest differences in yield. Vaidyanathan added that returns on assets across wholesale and retail operations were broadly comparable once operating and credit costs were considered.
Technology, Strategy and Leadership
Jagdishan said HDFC Bank is increasing the use of artificial intelligence in customer service, collections and fraud prevention. Recent launches included Edge Security, a unified customer-protection stack, along with Kavach and Secure Lock tools. The bank also introduced AI-enabled conversational banking and collections capabilities.
Bagchi said he plans to engage with regulators, customers, shareholders and other stakeholders before presenting a detailed perspective on growth, margins, quality and productivity. He said the bank would focus on disciplined capital deployment, execution, governance and trust as digital infrastructure and AI create new opportunities.
On staffing, management said technology and automation should enable a greater share of employees to move into customer-facing roles, while reducing the need for growth in back-end functions. Bagchi said the bank’s headcount has grown at roughly a 10% compound annual rate over a longer period, while business volumes have risen at high-teen rates, creating productivity gains.
About HDFC Bank (NYSE:HDB)HDFC Bank Limited is a financial services company headquartered in Mumbai, India. Established in 1994, it operates as a private-sector commercial bank serving individuals, businesses, institutions and government-related entities.
The bank offers a broad range of products and services, including savings and current accounts, fixed deposits, personal and home loans, vehicle and business financing, credit and debit cards, payments, remittances, investment products and insurance distribution.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
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Proti HDFC Bank byla podána hromadná žaloba kvůli údajným skrytým platbám ve výši 4,7 mil. USD státní společnosti za vklady a nadhodnocování úrokových výnosů.
New York, New York--(Newsfile Corp. - October 13, 2026) - Kaplan Fox & Kilsheimer LLP announces that a class action lawsuit has been filed against HDFC Bank Limited ("HDFC Bank" or the "Company") (NYSE: HDB) on behalf of investors that purchased or otherwise acquired HDFC Bank securities, including American Depositary Shares ("ADS"), between July 17, 2023 and May 26, 2026 (the "Class Period").
CLICK HERE TO JOIN THE CASE
If you are an investor in HDFC Bank and have suffered losses, you may CLICK HERE to contact us. You may also contact Kaplan Fox by emailing [email protected] or by calling (646) 315-9003.
DEADLINE REMINDER: If you are a member of the proposed Class, you may move the court no later than October 13, 2026 to serve as a lead plaintiff for the purported class. If you have losses we encourage you to contact us to learn more about the lead plaintiff process. You need not seek to become a lead plaintiff in order to share in any possible recovery.
The complaint alleges that on May 27, 2026, The Indian Express published an article entitled "HDFC Bank 'camouflaged' crores as marketing spend to pay higher interest to state firm." The article reported that HDFC Bank had made covert payments of approximately "Rs 45 crore," or approximately $4.7 million USD, to the Maharashtra State Road Development Corporation ("MSRDC") to induce MSRDC to make large deposits with the Company. Reportedly, an internal probe in March and April 2026 flagged these payments and concluded that over ten top officials bore responsibility, including HDFC's CEO Sashidhar Jagdishan.
The complaint alleges, that throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that (1) HDFC Bank camouflaged payments as marketing spend to pay higher interest to a state firm in order to induce deposits; (2) these activities were approved by senior management; (3) these activities likely violated regulations and HDFC Bank's own policies, including those that prohibit payments that could constitute improper inducement; (4) as a result of the foregoing, HDFC Bank's interest income and operating expenses were overstated; and (5) as a result of the foregoing, defendants' positive statements about HDFC Bank's business, operations, and prospects were materially misleading and/or lacked a reasonable basis. Further, the complaint alleges HDFC Bank's securities traded at artificially inflated prices during the Class Period as a result of these materially false and misleading statments and failures to disclose.
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Kaplan Fox & Kilsheimer LLP is a nationally recognized law firm focused on complex litigation, with offices in New York, Oakland, Los Angeles, Chicago, and New Jersey. Founded in 1956, the firm has spent more than 50 years prosecuting securities, antitrust, and consumer protection actions in federal and state courts nationwide, recovering more than $10 billion for clients and the classes it has represented.
Kaplan Fox is widely regarded as one of the nation's premier plaintiffs' securities litigation firms and has received recognition from Chambers and Partners, Benchmark Litigation, Super Lawyers, and Lawdragon. Serving as lead or co-lead counsel in many landmark cases, the firm has secured some of the largest recoveries in the history of securities litigation, including a $2.425 billion recovery on behalf of Bank of America shareholders in In re Bank of America—the largest recovery ever obtained for claims under Section 14(a) of the Securities Exchange Act—$800 million recovered for the Arkansas Teacher Retirement System and other pension funds in ATRS v. Allianz Global Investors, and a $475 million settlement in In re Merrill Lynch.
For decades, Kaplan Fox has represented public pension funds, institutional investors, businesses, and individuals in high-stakes litigation. Through its successful advocacy and precedent-setting victories, the firm has helped shape important areas of securities and corporate law while advancing accountability and protecting investor interests.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. Past results do not guarantee future outcomes.
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Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In HDFC Bank Limited To Contact Him Directly To Discuss Their Options
If you purchased or acquired securities in HDFC Bank Limited between July 17, 2023 and May 26, 2026 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).
[You may also click here for additional information]
New York, New York--(Newsfile Corp. - October 11, 2026) - Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against HDFC Bank Limited (""HDFC Bank Limited" or the "Company") (NYSE: HDB) and reminds investors of the October 13, 2026 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.
Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.
As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) HDFC Bank camouflaged payments as marketing spend to pay higher interest to a state firm in order to induce deposits; (2) these activities were approved by senior management; (3) these activities likely violated regulations and the Company's own policies, including those that prohibit payments that could constitute improper inducement; (4) as a result of the foregoing, the Company's interest income and operating expenses were overstated; and (5) as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
On March 18, 2026, HDFC filed a letter with the Bombay Stock Exchange and the National Stock Exchange of India Limited, reporting the resignation of Mr. Atanu Chakraborty from his roles as part-time Chairman and Independent Director of HDFC, with his resignation letter stating that "[c]ertain happenings and practices within the bank, that I have observed over last two years, are not in congruence with my personal Values and Ethics." On this news, the price of HDFC's American Depositary Shares ("ADS") fell $2.09, or 7.28% to close at $26.62 per share on March 18, 2026, on unusually heavy trading volume.
On May 27, 2026, The Indian Express published an article entitled "HDFC Bank 'camouflaged' crores as marketing spend to pay higher interest to state firm," reporting that HDFC Bank had made covert payments of approximately "Rs 45 crore," or approximately $4.7 million USD, to the Maharashtra State Road Development Corporation ("MSRDC") to induce MSRDC to make large deposits with the Company, with the differential interest disguised as sponsorship payments, and that an internal probe concluded that over ten top officials bore responsibility, including HDFC's CEO Sashidhar Jagdishan. On this news, HDFC's ADS price fell $1.02, or 4.1%, to close at $23.78 per share on May 27, 2026, on unusually heavy trading volume.
The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.
Faruqi & Faruqi, LLP also encourages anyone with information regarding HDFC Bank Limited's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
To learn more about the HDFC Bank Limited class action, go to www.faruqilaw.com/HDB or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).
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Frequently Asked Questions (FAQ) for Investors Regarding the HDFC Bank Limited Securities Class Action Lawsuit:
What is the HDFC Bank Limited securities fraud lawsuit about?
The lawsuit alleges that HDFC Bank Limited engaged in a scheme to disguise payments as marketing expenditures in order to pay above-market interest rates to a state-owned entity, the Maharashtra State Road Development Corporation, to induce that entity to make large deposits with the bank. The complaint further alleges that these activities were approved by senior management, including HDFC Bank's CEO, and that they likely violated applicable regulations as well as the Company's own internal policies prohibiting improper inducements. As a result of this alleged conduct, the lawsuit contends that HDFC Bank's reported interest income and operating expenses were materially misstated. Defendants' positive public statements about the Company's business, operations, and prospects were allegedly materially misleading and lacked a reasonable basis during the Class Period. The case centers on two disclosure events - a chairman's resignation citing ethical concerns in March 2026, and a May 2026 investigative report - which allegedly caused significant declines in the price of HDFC Bank's American Depositary Shares.
Who may be eligible to participate in the lawsuit?
Investors who purchased or otherwise acquired HDFC Bank Limited American Depositary Shares traded on the NYSE under the ticker symbol HDB between July 17, 2023 and May 26, 2026, inclusive, may be eligible to participate in this securities class action lawsuit. The class period encompasses the full timeframe during which Defendants allegedly made materially misleading statements about the Company's business, operations, and financial results. Eligibility to participate in any potential recovery is not limited to those who apply to serve as lead plaintiff; class members who take no active role in the litigation may still share in any recovery that is obtained. Investors are encouraged to review their trading records for the relevant period to determine whether they purchased shares during the Class Period.
What is a lead plaintiff, and how can I seek appointment?
A lead plaintiff is a court-appointed representative who acts on behalf of all class members in directing the litigation, including making key decisions about litigation strategy and the selection of lead counsel. Any class member who suffered a loss on purchases of HDFC Bank ADS during the Class Period may move the court for appointment as lead plaintiff, and the court will typically appoint the movant with the largest financial interest who otherwise satisfies the requirements of applicable law. The deadline to file a motion for appointment as lead plaintiff is [deadline], and investors wishing to seek this role must act before that date. Importantly, investors are not required to seek appointment as lead plaintiff in order to be eligible to participate in any class recovery - the vast majority of class members recover without taking on this role.
Why should investors contact Faruqi & Faruqi, LLP?
Faruqi & Faruqi, LLP has represented investors in securities litigation for decades and has recovered hundreds of millions of dollars for shareholders. Investors who purchased HDFC Bank Limited securities during the Class Period may contact the firm to discuss their legal rights, potential claims, and the lead plaintiff process at no cost or obligation.
Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/318352
Source: Faruqi & Faruqi LLP
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NEW ORLEANS, Oct. 08, 2026 (GLOBE NEWSWIRE) -- ClaimsFiler, a FREE shareholder information service, reminds investors that they have until October 13, 2026 to file lead plaintiff applications in a securities class action lawsuit against HDFC Bank Limited (“HDFC” or the “Company”) (NYSE: HDB), if they purchased HDFC securities between July 17, 2023 and May 26, 2026, inclusive (the “Class Period”). This action is pending in the United States District Court for the Southern District of New York.
Get Help
HDFC investors should visit us at https://claimsfiler.com/cases/nyse-hdb/ or call toll-free (833) 538-3601. Lawyers at Kahn Swick & Foti, LLC are available to discuss your legal options.
About the Lawsuit
HDFC and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On May 27, 2026, pre-market, The Indian Express reported that HDFC Bank had disguised crores of rupees as marketing expenditures in order to pay above-market interest rates to a state-owned enterprise. According to the article, the Company secretly funneled roughly Rs 45 crore (about $4.7 million) to the Maharashtra State Road Development Corporation ("MSRDC") to encourage MSRDC to place substantial deposits with the bank. HDFC Bank offered MSRDC a 6.01% interest rate — 2.51 percentage points above what it paid other depositors — and covered that premium by characterizing the payments as sponsorship of an MSRDC road safety awareness initiative. The article further reported that an internal investigation conducted in March and April 2026 found more than ten senior officials responsible for the scheme, including CEO Sashidhar Jagdishan.
On this news, the price of HDFC shares fell $1.02, or 4.1%, to close at $23.78 per share on May 27, 2026, on unusually heavy trading volume.
The case is Soneji v. HDFC Bank Limited, Case No. 26-cv-06943.
About ClaimsFiler
ClaimsFiler has a single mission: to serve as the information source to help retail investors recover their share of billions of dollars from securities class action settlements. At ClaimsFiler.com, investors can: (1) register for free to gain access to information and settlement websites for various securities class action cases so they can timely submit their own claims; (2) upload their portfolio transactional data to be notified about relevant securities cases in which they may have a financial interest; and (3) submit inquiries to the Kahn Swick & Foti, LLC law firm for free case evaluations.
To learn more about ClaimsFiler, visit www.claimsfiler.com.
Na HDFC Bank byla podána hromadná žaloba kvůli údajnému podvodu s cennými papíry; investoři mají čas do 13. října 2026 na přihlášení jako hlavní žalobce.
NEW YORK, Sept. 29, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against HDFC Bank Limited (“HDFC” or the “Company”) (NYSE: HDB). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.
The class action concerns whether HDFC and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
You have until October 13, 2026, to ask the Court to appoint you as Lead Plaintiff for the class if you purchased or otherwise acquired HDFC securities during the Class Period. A copy of the Complaint can be obtained at www.pomerantzlaw.com.
[Click here for information about joining the class action]
On March 18, 2026, during U.S. market hours, HDFC filed a letter with the Bombay Stock Exchange and the National Stock Exchange of India Limited, reporting the resignation of Mr. Atanu Chakraborty from his roles as part-time Chairman and Independent Director of HDFC. The Company’s letter attached Mr. Chakraborty’s resignation letter, which stated that “[c]ertain happenings and practices within the bank, that I have observed over last two years, are not in congruence with my personal Values and Ethics. This is the basis of my aforementioned decision.”
On this news, the price of HDFC’s American Depositary Shares (“ADS”) fell $2.09, or 7.28% to close at $26.62 per share on March 18, 2026, on unusually heavy trading volume.
On May 27, 2026, before the market opened, The Indian Express published an article entitled “HDFC Bank ‘camouflaged’ crores as marketing spend to pay higher interest to state firm.” The article reported that HDFC Bank had made covert payments of approximately “Rs 45 crore,” or approximately $4.7 million USD, to the Maharashtra State Road Development Corporation (“MSRDC”) to induce MSRDC to make large deposits with the Company. The Company offered 6.01% interest to MSRDC, a 2.51% markup over the interest offered to other savings accounts, and paid that markup by “disguis[ing] [it] as sponsorship payments for a road safety awareness campaign run by MSRDC.” Reportedly, an internal probe in March and April 2026 concluded that over ten top officials bore responsibility, including HDFC’s CEO Sashidhar Jagdishan.
On this news, HDFC’s ADS price fell $1.02, or 4.11%, to close at $23.78 per ADS on May 27, 2026.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
NEW YORK, Sept. 22, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against HDFC Bank Limited (“HDFC” or the “Company”) (NYSE: HDB). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.
The class action concerns whether HDFC and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
You have until October 13, 2026, to ask the Court to appoint you as Lead Plaintiff for the class if you purchased or otherwise acquired HDFC securities during the Class Period. A copy of the Complaint can be obtained at www.pomerantzlaw.com.
[Click here for information about joining the class action]
On March 18, 2026, during U.S. market hours, HDFC filed a letter with the Bombay Stock Exchange and the National Stock Exchange of India Limited, reporting the resignation of Mr. Atanu Chakraborty from his roles as part-time Chairman and Independent Director of HDFC. The Company’s letter attached Mr. Chakraborty’s resignation letter, which stated that “[c]ertain happenings and practices within the bank, that I have observed over last two years, are not in congruence with my personal Values and Ethics. This is the basis of my aforementioned decision.”
On this news, the price of HDFC’s American Depositary Shares (“ADS”) fell $2.09, or 7.28% to close at $26.62 per share on March 18, 2026, on unusually heavy trading volume.
On May 27, 2026, before the market opened, The Indian Express published an article entitled “HDFC Bank ‘camouflaged’ crores as marketing spend to pay higher interest to state firm.” The article reported that HDFC Bank had made covert payments of approximately “Rs 45 crore,” or approximately $4.7 million USD, to the Maharashtra State Road Development Corporation (“MSRDC”) to induce MSRDC to make large deposits with the Company. The Company offered 6.01% interest to MSRDC, a 2.51% markup over the interest offered to other savings accounts, and paid that markup by “disguis[ing] [it] as sponsorship payments for a road safety awareness campaign run by MSRDC.” Reportedly, an internal probe in March and April 2026 concluded that over ten top officials bore responsibility, including HDFC’s CEO Sashidhar Jagdishan.
On this news, HDFC’s ADS price fell $1.02, or 4.11%, to close at $23.78 per ADS on May 27, 2026.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
Na HDFC Bank Limited byla podána hromadná žaloba kvůli podezření z podvodů s cennými papíry a nezákonných praktik. Investoři mají čas do 13. října 2026 požádat o jmenování hlavním žalobcem.
NEW YORK, Sept. 15, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against HDFC Bank Limited (“HDFC” or the “Company”) (NYSE: HDB). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.
The class action concerns whether HDFC and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
You have until October 13, 2026, to ask the Court to appoint you as Lead Plaintiff for the class if you purchased or otherwise acquired HDFC securities during the Class Period. A copy of the Complaint can be obtained at www.pomerantzlaw.com.
[Click here for information about joining the class action]
On March 18, 2026, during U.S. market hours, HDFC filed a letter with the Bombay Stock Exchange and the National Stock Exchange of India Limited, reporting the resignation of Mr. Atanu Chakraborty from his roles as part-time Chairman and Independent Director of HDFC. The Company’s letter attached Mr. Chakraborty’s resignation letter, which stated that “[c]ertain happenings and practices within the bank, that I have observed over last two years, are not in congruence with my personal Values and Ethics. This is the basis of my aforementioned decision.”
On this news, the price of HDFC’s American Depositary Shares (“ADS”) fell $2.09, or 7.28% to close at $26.62 per share on March 18, 2026, on unusually heavy trading volume.
On May 27, 2026, before the market opened, The Indian Express published an article entitled “HDFC Bank ‘camouflaged’ crores as marketing spend to pay higher interest to state firm.” The article reported that HDFC Bank had made covert payments of approximately “Rs 45 crore,” or approximately $4.7 million USD, to the Maharashtra State Road Development Corporation (“MSRDC”) to induce MSRDC to make large deposits with the Company. The Company offered 6.01% interest to MSRDC, a 2.51% markup over the interest offered to other savings accounts, and paid that markup by “disguis[ing] [it] as sponsorship payments for a road safety awareness campaign run by MSRDC.” Reportedly, an internal probe in March and April 2026 concluded that over ten top officials bore responsibility, including HDFC’s CEO Sashidhar Jagdishan.
On this news, HDFC’s ADS price fell $1.02, or 4.11%, to close at $23.78 per ADS on May 27, 2026.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Proti HDFC Bank byla podána hromadná žaloba kvůli údajným podvodům s cennými papíry a nezákonným praktikám. Investoři s nároky mají čas do 13. října 2026, aby se přihlásili jako hlavní žalobce.
NEW YORK, Sept. 08, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against HDFC Bank Limited (“HDFC” or the “Company”) (NYSE: HDB). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.
The class action concerns whether HDFC and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
You have until October 13, 2026, to ask the Court to appoint you as Lead Plaintiff for the class if you purchased or otherwise acquired HDFC securities during the Class Period. A copy of the Complaint can be obtained at www.pomerantzlaw.com.
[Click here for information about joining the class action]
On March 18, 2026, during U.S. market hours, HDFC filed a letter with the Bombay Stock Exchange and the National Stock Exchange of India Limited, reporting the resignation of Mr. Atanu Chakraborty from his roles as part-time Chairman and Independent Director of HDFC. The Company’s letter attached Mr. Chakraborty’s resignation letter, which stated that “[c]ertain happenings and practices within the bank, that I have observed over last two years, are not in congruence with my personal Values and Ethics. This is the basis of my aforementioned decision.”
On this news, the price of HDFC’s American Depositary Shares (“ADS”) fell $2.09, or 7.28% to close at $26.62 per share on March 18, 2026, on unusually heavy trading volume.
On May 27, 2026, before the market opened, The Indian Express published an article entitled “HDFC Bank ‘camouflaged’ crores as marketing spend to pay higher interest to state firm.” The article reported that HDFC Bank had made covert payments of approximately “Rs 45 crore,” or approximately $4.7 million USD, to the Maharashtra State Road Development Corporation (“MSRDC”) to induce MSRDC to make large deposits with the Company. The Company offered 6.01% interest to MSRDC, a 2.51% markup over the interest offered to other savings accounts, and paid that markup by “disguis[ing] [it] as sponsorship payments for a road safety awareness campaign run by MSRDC.” Reportedly, an internal probe in March and April 2026 concluded that over ten top officials bore responsibility, including HDFC’s CEO Sashidhar Jagdishan.
On this news, HDFC’s ADS price fell $1.02, or 4.11%, to close at $23.78 per ADS on May 27, 2026.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
Na HDFC Bank byla podána hromadná žaloba kvůli podezření z podvodů s cennými papíry a nelegálních praktik. Investoři mají čas do 13. října 2026 na podání žádosti o jmenování hlavním žalobcem.
NEW YORK, Sept. 01, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against HDFC Bank Limited (“HDFC” or the “Company”) (NYSE: HDB). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.
The class action concerns whether HDFC and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
You have until October 13, 2026, to ask the Court to appoint you as Lead Plaintiff for the class if you purchased or otherwise acquired HDFC securities during the Class Period. A copy of the Complaint can be obtained at www.pomerantzlaw.com.
[Click here for information about joining the class action]
On March 18, 2026, during U.S. market hours, HDFC filed a letter with the Bombay Stock Exchange and the National Stock Exchange of India Limited, reporting the resignation of Mr. Atanu Chakraborty from his roles as part-time Chairman and Independent Director of HDFC. The Company’s letter attached Mr. Chakraborty’s resignation letter, which stated that “[c]ertain happenings and practices within the bank, that I have observed over last two years, are not in congruence with my personal Values and Ethics. This is the basis of my aforementioned decision.”
On this news, the price of HDFC’s American Depositary Shares (“ADS”) fell $2.09, or 7.28% to close at $26.62 per share on March 18, 2026, on unusually heavy trading volume.
On May 27, 2026, before the market opened, The Indian Express published an article entitled “HDFC Bank ‘camouflaged’ crores as marketing spend to pay higher interest to state firm.” The article reported that HDFC Bank had made covert payments of approximately “Rs 45 crore,” or approximately $4.7 million USD, to the Maharashtra State Road Development Corporation (“MSRDC”) to induce MSRDC to make large deposits with the Company. The Company offered 6.01% interest to MSRDC, a 2.51% markup over the interest offered to other savings accounts, and paid that markup by “disguis[ing] [it] as sponsorship payments for a road safety awareness campaign run by MSRDC.” Reportedly, an internal probe in March and April 2026 concluded that over ten top officials bore responsibility, including HDFC’s CEO Sashidhar Jagdishan.
On this news, HDFC’s ADS price fell $1.02, or 4.11%, to close at $23.78 per ADS on May 27, 2026.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
Akcie HDFC Bank v pondělí vzrostly o 2,5 % po překvapivém oznámení CEO Sashidhara Jagdishana, že po skončení svého mandátu v říjnu odejde. Banka chce rychle vybrat nástupce.
Shares of HDFC Bank, India's largest private sector lender, rose 2.5% Monday before paring gains, after Chief Executive Sashidhar Jagdishan made a surprise announcement about exiting the bank after the end of his term in October.
Analysts believe that the successor's profile could offer the bank re-rating potential, especially as the stock has been battered since the start of the year. As per LSEG data, shares of HDFC have tanked 27% since the start of the year compared with an 8% drop of the benchmark Nifty 50 index.
The next chief executive will need to accelerate growth, improve deposit mobilization and returns, and rebuild confidence around governance and senior-management stability, global brokerage Nomura said in a report on Sunday.
"A credible successor could become a meaningful rerating catalyst," it said but added that the stock would "remain under pressure in the near term" until there is clarity on the next chief executive and the direction in which he will steer the bank.
This is the second time this year that the bank has been embroiled in a leadership crisis. In March, the bank's part-time chair Atanu Chakraborty resigned after flagging governance and ethical concerns within the institution.
"Despite persuasion, Mr. Jagdishan reiterated his decision to not seek reappointment," HDFC said in a release on Saturday, adding it will "fast-track the process for selection and appointment of his successor."
Succession planKaizad Bharucha, the deputy managing director of the bank, is the most likely internal choice to replace Jagdishan, Citi and Jefferies said in their latest reports.
Some of the other candidates named in the Jefferies report on Monday include Anup Bagchi, CEO ICICI Pru Life; Paresh Sukthankar, former deputy MD at HDFC Bank; Vibha Padalkar, chief executive of HDFC Life; and Amitabh Chaudhry, CEO, Axis Bank.
Jefferies, which continues to have a buy rating on HDFC Bank, said that the uncertainty over leadership "can lift cost of equity, leading to lower valuation" but said that after the share drop earlier this year the "risk-reward is balanced," at a price-to-book ratio of 1.5 times.
Citi in its report on Sunday said that the new CEO needs to demonstrate strategic competence to deliver a credible path to scale up net interest margins and return on assets and a decisive growth trajectory with market share gain.
During Jagdishan's tenure, HDFC Bank completed a $40 billion takeover of the country's largest mortgage lender, the synergies from which are yet to be fully realized, as per analysts.
Na HDFC Bank byla podána hromadná žaloba kvůli údajnému maskování plateb jako marketingových výdajů za účelem přilákání vkladů. Akcie HDB po zveřejnění těchto obvinění oslabily o 1,02 USD, tedy o 4,1 %, na 23,78 USD za akcii.
NEW YORK, Aug. 19, 2026 (GLOBE NEWSWIRE) -- Gainey McKenna & Egleston announces that a securities class action lawsuit has been filed in the United States District Court for the Southern District of New York on behalf of all persons or entities who purchased or otherwise acquired HDFC Bank Limited (“HDFC” or the “Company”) (NYSE: HDB) securities between July 17, 2023 and May 26, 2026, inclusive (the “Class Period”).
The Complaint alleges that Defendants failed to disclose to investors that: (1) HDFC Bank camouflaged payments as marketing spend to pay higher interest to a state firm in order to induce deposits; (2) these activities were approved by senior management; (3) these activities likely violated regulations and the Company’s own policies, including those that prohibit payments that could constitute improper inducement; (4) as a result of the foregoing, the Company’s interest income and operating expenses were overstated; and (5) as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
The Complaint alleges that on March 18, 2026, during U.S. market hours, HDFC filed a letter with the Bombay Stock Exchange and the National Stock Exchange of India Limited, reporting the resignation of Mr. Atanu Chakraborty from his roles as part-time Chairman and Independent Director of HDFC. The Complaint further alleges that the Company’s letter attached Mr. Chakraborty’s resignation letter, which stated that “[c]ertain happenings and practices within the bank, that I have observed over last two years, are not in congruence with my personal Values and Ethics. This is the basis of my aforementioned decision.”
The Complaint alleges that on this news, the price of HDFC’s American Depositary Shares (“ADS”) fell $2.09, or 7.28% to close at $26.62 per share on March 18, 2026, on unusually heavy trading volume.
The Complaint further alleges that on May 27, 2026, before the market opened, The Indian Express published an article entitled “HDFC Bank ‘camouflaged’ crores as marketing spend to pay higher interest to state firm.” The Complaint continues to allege that the article reported that HDFC Bank had made covert payments of approximately “Rs 45 crore,” or approximately $4.7 million USD, to the Maharashtra State Road Development Corporation (“MSRDC”) to induce MSRDC to make large deposits with the Company. The Complaint alleges that the Company offered 6.01% interest to MSRDC, a 2.51% markup over the interest offered to other savings accounts, and paid that markup by “disguis[ing] [it] as sponsorship payments for a road safety awareness campaign run by MSRDC.” The Complaint further alleges that reportedly, an internal probe in March and April 2026, concluded that over ten top officials bore responsibility, including HDFC’s CEO Sashidhar Jagdishan.
The Complaint alleges that on this news, HDFC’s ADS price fell $1.02, or 4.1%, to close at $23.78 per share on May 27, 2026, on unusually heavy trading volume.
Investors who purchased or otherwise acquired shares of HDFC should contact the Firm prior to the October 12, 2026 lead plaintiff motion deadline. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to discuss your rights or interests regarding this class action, please contact Thomas J. McKenna, Esq. or Gregory M. Egleston, Esq. of Gainey McKenna & Egleston at (212) 983-1300, or via e-mail at [email protected] or [email protected].
Please visit our website at http://www.gme-law.com for more information about the firm.
Amundi decreased its holdings in shares of HDFC Bank Limited (NYSE:HDB – Free Report) by 41.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 212,792 shares of the bank’s stock after selling 149,728 shares during the period. Amundi’s holdings in HDFC Bank were worth $5,294,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in the business. Larson Financial Group LLC increased its holdings in HDFC Bank by 90.4% during the 3rd quarter. Larson Financial Group LLC now owns 849 shares of the bank’s stock worth $29,000 after purchasing an additional 403 shares in the last quarter. Bell Investment Advisors Inc boosted its position in shares of HDFC Bank by 260.9% during the first quarter. Bell Investment Advisors Inc now owns 1,386 shares of the bank’s stock valued at $34,000 after buying an additional 1,002 shares during the last quarter. Pin Oak Investment Advisors Inc. boosted its position in shares of HDFC Bank by 100.0% during the third quarter. Pin Oak Investment Advisors Inc. now owns 996 shares of the bank’s stock valued at $34,000 after buying an additional 498 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in HDFC Bank during the third quarter worth $43,000. Finally, BOCHK Asset Management Ltd grew its holdings in HDFC Bank by 125.0% during the fourth quarter. BOCHK Asset Management Ltd now owns 1,800 shares of the bank’s stock worth $66,000 after buying an additional 1,000 shares in the last quarter. 17.61% of the stock is owned by institutional investors.
HDFC Bank Stock Down 0.0% HDFC Bank stock opened at $23.88 on Thursday. The firm has a 50 day moving average price of $24.73 and a 200-day moving average price of $27.13. HDFC Bank Limited has a twelve month low of $22.66 and a twelve month high of $38.29. The company has a market capitalization of $121.82 billion, a P/E ratio of 14.05, a P/E/G ratio of 1.13 and a beta of 0.65.
HDFC Bank (NYSE:HDB – Get Free Report) last posted its quarterly earnings results on Saturday, July 18th. The bank reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.02. HDFC Bank had a net margin of 15.96% and a return on equity of 11.84%. The company had revenue of $9.01 billion for the quarter, compared to analysts’ expectations of $5 billion. Equities analysts expect that HDFC Bank Limited will post 1.67 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth Several equities analysts have weighed in on HDB shares. Zacks Research upgraded HDFC Bank from a “strong sell” rating to a “hold” rating in a research note on Friday, July 17th. Wall Street Zen lowered shares of HDFC Bank from a “hold” rating to a “sell” rating in a research note on Saturday, July 18th. Finally, Weiss Ratings upgraded shares of HDFC Bank from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, July 20th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.
Get Our Latest Report on HDB
HDFC Bank Company Profile (Free Report)
HDFC Bank Limited is one of India’s leading private sector banks, headquartered in Mumbai. Incorporated in 1994 and promoted by Housing Development Finance Corporation (HDFC), the bank provides a full range of banking and financial services to retail, small and medium-sized enterprises, and corporate customers. It is publicly listed and also accessible to international investors through American Depositary Receipts (ADRs) trading on the New York Stock Exchange under the symbol HDB.
The bank’s core activities include retail banking (deposit accounts, personal loans, home loans, auto loans, and credit cards), commercial and corporate banking (working capital finance, term lending, trade finance and treasury services), and transaction banking (cash management and payment solutions).
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HDFC Bank uvedla, že ve 1. čtvrtletí fiskálního roku 2027 zlepšila dynamiku podnikání, zvyšovala podíl na vkladech a rostla v úvěrech napříč segmenty. Zároveň ale přiznala tlak na náklady financování a nižší poměr CASA.
Modi Momentum: Finding Stability in India’s Goldilocks EconomyHDFC Bank NYSE: HDB management told investors that the lender entered the first quarter of fiscal 2027 with improving business momentum, stronger branch productivity and continued market-share gains in deposits, while also acknowledging ongoing pressure from funding costs and a shifting deposit mix.
Chief Executive Officer Sashi Jagdishan opened the earnings call by noting that the bank had navigated “certain challenges over the last four months” while keeping its focus on customer needs and franchise expansion. He thanked employees, the board and Keki Mistry, who served as interim chairman, and welcomed newly appointed Chairman Rajiv Kumar. Jagdishan said Kumar’s appointment brought “a sense of stability” and reduced uncertainty for the institution.
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Deposit Growth Remains a Key Focus Jagdishan said deposit growth in the quarter remained “relatively better than the historical Q1 trends,” with HDFC Bank continuing to gain market share on both an incremental and stock basis. He also said branch productivity continued to improve as the bank realized benefits from investments made over the past five to six years.
Chief Financial Officer Srinivasan Vaidyanathan said the bank has more than 100 million customer relationships and is focused on improving “unit economics” by adding more accounts while keeping costs under control. He said household deposit growth in India remains among the lowest across deposit categories, which makes customer acquisition and distribution reach critical.
Management also discussed the bank’s current account and savings account, or CASA, trajectory. Jagdishan said the bank’s objective is to move closer to pre-merger CASA levels, noting levels around 38% after the merger and 40% before that. However, he said time deposit growth has been higher than low-cost funds growth in recent years, contributing to a lower CASA ratio.
Vaidyanathan added that time deposits also remain an opportunity, noting that only 14% of the bank’s customers currently have time deposits with HDFC Bank.
Margins Pressured, But Management Points to Long-Term Levers Asked whether margins had bottomed, Vaidyanathan said the bank does not manage margins on a quarter-to-quarter basis and that a full-year view is more appropriate. He identified cost of funds as the largest opportunity for margin improvement, but cautioned that changes would not happen quickly.
Vaidyanathan said non-retail deposit costs remain elevated, while retail deposit costs have been relatively steady. He also said the bank’s borrowing mix remains around 11%, compared with an industry level of roughly 5% to 6%, and that maturities and balance-sheet growth should help reduce that proportion over time.
On the asset side, Vaidyanathan said the mix of loans will also matter for longer-term margins. He noted that retail loans make up about 52% of the bank’s loan mix, while management has historically viewed roughly 60% as a level that better mirrors the consumption component of India’s economy.
Management said cost of funds was broadly flat sequentially and down about 40 basis points year over year.
Loan Growth Broad-Based Across Wholesale, MSME and Retail Jagdishan said the bank is “on the verge of pressing the pedal” on advances, adding that loan growth has been strong over recent quarters and that the trajectory continues. He said credit demand in the system is healthy, though competition remains intense, particularly in corporate lending where spreads are thin.
Management said wholesale and corporate loans grew about 18%, while business banking, described as the largest component of the MSME segment, grew 22.3%. The bank also participated in the ECLGS 5.0 scheme, with disbursements of close to INR 14,000 crore as of June 30.
In retail lending, management said disbursement growth was strong in the wheels business and in unsecured products such as personal loans and business loans. Mortgage disbursements grew close to 14% year over year, while some other retail disbursements grew by roughly 20%.
HDFC Bank also highlighted the FCNR(B) policy window as an opportunity. Jagdishan said the bank spent much of June completing documentation and approvals internally and with counterparty banks across jurisdictions. He declined to provide a specific mobilization target but said the bank aims to capture a “reasonably strong and significant market share” as activity picks up in July, August and September.
Technology, Efficiency and Customer Service Prioritized Jagdishan repeatedly emphasized customer service and turnaround time as strategic priorities. He said the bank is measuring service delivery more granularly across the country and reimagining digital journeys and analytics to drive adoption and efficiency.
The CEO said HDFC Bank is “on the cusp” of using GenAI technologies in its processes, with several “lighthouse programs” expected to go into production during the year. He also said security remains a central part of the bank’s strategy and that management is exploring how AI can strengthen defense mechanisms.
Asked about whether the bank is underinvesting after keeping costs controlled, Jagdishan said the bank has made significant investments over the past five years in distribution, staffing and technology. He said distribution investment may be “slightly muted” for now, but technology investment will continue, particularly in security and AI.
Provisioning and Governance Updates On expected credit loss rules due to take effect April 1, 2027, Vaidyanathan said the bank’s overall provisions appear “adequate and sufficient” for the new methodology. He said there may be some ongoing impact because of required provisioning floors, but he does not expect it to be material based on the bank’s current view.
Management also addressed board and leadership matters. Jagdishan said the board is considering steps related to adding another executive director and that “a fair amount of action” should be visible in a short time. On the managing director and CEO reappointment process, Vaidyanathan said the nomination and remuneration committee and the board are “fully seized of the matter” and that announcements will be made when conclusions are reached.
Looking ahead, Jagdishan cited weather-related risks such as El Niño and geopolitical tensions in West Asia, but said the country and the bank are prepared to weather potential challenges. He said HDFC Bank remains focused on customer engagement, technology-led efficiency and long-term franchise growth.
About HDFC Bank (NYSE:HDB)HDFC Bank Limited is one of India's leading private sector banks, headquartered in Mumbai. Incorporated in 1994 and promoted by Housing Development Finance Corporation (HDFC), the bank provides a full range of banking and financial services to retail, small and medium-sized enterprises, and corporate customers. It is publicly listed and also accessible to international investors through American Depositary Receipts (ADRs) trading on the New York Stock Exchange under the symbol HDB.
The bank's core activities include retail banking (deposit accounts, personal loans, home loans, auto loans, and credit cards), commercial and corporate banking (working capital finance, term lending, trade finance and treasury services), and transaction banking (cash management and payment solutions).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
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