HDFC Bank Limited faces a securities class action in the Southern District of New York alleging it failed to disclose material information during the July 17, 2023, through May 26, 2026, class period. ClaimsFiler, working with Kahn Swick & Foti, LLC, reminded investors they have until Oct. 13, 2026, to seek lead-plaintiff status in Soneji v. HDFC Bank Limited, Case No. 26-cv-06943; other firms have cited Oct. 12 or Oct. 13 for the same period. The suit centers on claims that the bank disguised roughly Rs 45 crore, or about $4.7 million, as marketing spend to fund a 6.01% deposit rate for Maharashtra State Road Development Corporation, 2.51 percentage points above rates paid other depositors. An internal probe in March and April 2026 reportedly found more than ten senior officials responsible, including CEO Sashidhar Jagdishan. After The Indian Express reported the scheme on May 27, 2026, HDFC shares fell $1.02, or 4.1%, to close at $23.78 on heavy volume.