HDFC Bank faces investor litigation over allegations that it disguised approximately Rs 45 crore, or about $4.7 million, as marketing expenses to provide the Maharashtra State Road Development Corporation a 6.01% interest rate and induce large deposits. Hagens Berman said the lawsuit names HDFC, Chief Executive Officer Sashidhar Jagdishan, Chief Financial Officer Srinivasan Vaidyanathan and other senior executives, and alleges violations of federal securities laws, Reserve Bank of India interest-rate rules and HDFC's internal anti-bribery policies. Investors who acquired HDFC securities between July 17, 2023, and May 26, 2026, have until October 13, 2026, to seek appointment as lead plaintiff. The allegations followed Atanu Chakraborty's March resignation and an Indian Express report published May 27; HDFC American depositary shares fell 7.28% on March 18 and 4.1% to $23.78 on May 27. Kahn Swick & Foti and other firms have separately announced investor actions involving HDFC and related allegations.