Money & Banking

Documents leak: HDFC Bank, IndusInd Bank deny links

Beena Parmar Mumbai | Updated on January 24, 2018 Published on March 13, 2015
The entire process of availing the loan is completely paperless


After coming under the scanner of the Central Bureau of Investigation for corporate espionage, HDFC Bank and IndusInd Bank have denied any links to the episode.

“We have read with utter dismay the media reports and the allegations made therein. We are shocked at our name being mentioned in them. We categorically deny having known or heard of, let alone interacted with, the individual named in these news reports,” HDFC Bank said in a statement.

Similarly, IndusInd Bank’s statement said, “We strongly deny that this episode has anything to do with IndusInd Bank. Our bank maintains the highest standards of compliance, integrity and corporate governance.” The CBI on Thursday arrested a Mumbai-based chartered accountant and two government officials for allegedly leaking and selling confidential documents related to foreign investments from the finance and commerce and industry ministries. According to reports, CBI said eight corporate houses are under the scanner: DLF Limitless Developers, HDFC Bank, Glenmark Pharma, Modril India, Prime Living, NovaLead Pharma, IndusInd Bank and Kakardi British Realty.

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Published on March 13, 2015
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