Hdfc Bank (HDB) has released an update.
HDFC Bank has been penalized by the Superintendent of Central GST and Central Excise, Kerala, for an alleged excess availment of input tax credit for the fiscal year 2019-20, resulting in a minor financial impact of Rs.0.03 crore. The bank received the order on June 25, 2024, and is considering legal options, including an appeal.
For further insights into HDB stock, check out TipRanks’ Stock Analysis page.
