Rosen Law Firm announced a securities class action against HDFC Bank Limited (NYSE: HDB) on behalf of investors who purchased the company’s securities between July 17, 2023, and May 26, 2026, inclusive. The lawsuit alleges that HDFC Bank disguised payments as marketing expenses to provide higher interest to a state firm and induce deposits, that senior management approved the conduct, and that it likely violated regulations and the bank’s policies. The complaint further alleges that the payments overstated interest income and operating expenses and made the company’s positive statements materially misleading. Investors seeking to serve as lead plaintiff must move the court by Oct. 13, 2026. The class has not been certified, and investors may retain counsel, remain absent class members or take no action at this stage.