The Law Offices of Frank R. Cruz announces an investigation of HDFC Bank Limited (“HDFC Bank” or the “Company”) (NYSE: HDB) on behalf of investors concerning the Company’s possible violations of federal securities laws.

IF YOU ARE AN INVESTOR WHO LOST MONEY ON HDFC BANK LIMITED (HDB), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING A CLAIM TO RECOVER YOUR LOSS.

What Is The Investigation About?

On May 27, 2026, the Indian Express newspaper reported that HDFC Bank had made payments of approximately ₹450M rupees ($4.7 million USD) to the road development corporation of the western state of Maharashtra to draw large deposits, disguising the payments ⁠as marketing spends to incentivize the department to make the deposits, noting that the Company’s CEO was aware of the payments.

On this news, HDFC Bank’s stock price fell $1.02, or 4.1%, to close at $23.78 per share on May 27, 2026, thereby injuring investors.

Contact Us To Participate or Learn More:
If you purchased HDFC Bank securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us:
The Law Offices of Frank R. Cruz,
2121 Avenue of the Stars, Suite 800,
Century City, California 90067
Call us at: 310-914-5007
Email us at: info@frankcruzlaw.com
Visit our website at: www.frankcruzlaw.com.
Follow us for updates on Twitter at twitter.com/FRC_LAW.

If you inquire by email, please include your mailing address, telephone number, and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260721224398/en/