HDFC Bank Limited (NYSE: HDB)

This investigation is for anyone who acquired securities in HDFC Bank Limited (NYSE: HDB) prior to May 27, 2026.

The Law Offices of Howard G. Smith believes that the Company and certain of its executives violated federal law. Specifically, the Law Offices of Howard G. Smith believes that the Company misled investors regarding its financial condition. More specifically, the Law Offices of Howard G. Smith believes that the Company misled investors by telling investors that it had proper controls in place to abide by applicable laws but then by illegally bribing government officials to attract large deposits.

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, the price of the Company’s stock dropped precipitously on unusually heavy trading volume

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in HDFC Bank Limited (NYSE: HDB) prior to May 27, 2026 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.