Hdfc Bank (HDB) has released an update.
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HDFC Bank Limited has disclosed penalties imposed on it by tax authorities in Karnataka, Tamil Nadu, and Assam for alleged tax-related contraventions during the financial year 2019-20. The total financial impact of these penalties, including tax, interest, and penalty amounts, is disclosed in the respective annexures. The bank has indicated that it is considering legal options to appeal these penalties.
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