HDFC Bank

Mumbai, India

5000 Locations

HDFC Bank is a leading banking and financial services company in India, providing a comprehensive range of banking products and services including retail banking, wholesale banking, and treasury operations.

CCI Score

3.28

-0.02% May 31

Latest Event

SEBI Warning for Regulatory Non-Compliance

HDFC Bank received an administrative warning letter from SEBI on December 11, 2024, due to alleged non-compliance with regulations related to merchant banking, capital disclosure, and insider trading. The bank has stated it will address the concerns, though the incident raises questions about its adherence to regulatory and ethical business practices.

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OBJECTOR

HDFC Bank is currently rated as an Objector.

0 to +9 CCI Score

These companies deliberately avoid direct involvement with authoritarian practices. While they do not actively challenge oppressive regimes, they maintain a neutral stance to ensure they are not complicit in supporting such systems.

Latest Events

DEC

11

2024

SEBI Warning for Regulatory Non-Compliance
-38.16

HDFC Bank received an administrative warning letter from SEBI on December 11, 2024, due to alleged non-compliance with regulations related to merchant banking, capital disclosure, and insider trading. The bank has stated it will address the concerns, though the incident raises questions about its adherence to regulatory and ethical business practices.
-40

Business Practices and Ethical Responsibility

April 21

The incident highlights a significant lapse in corporate governance and ethical responsibility. Receiving a warning for non-compliance with key SEBI regulations undermines stakeholder trust and indicates shortcomings in accountability, an issue of concern from an anti-authoritarian and worker-protection perspective.

HDFC Bank gets warning letter from SEBI over alleged regulatory non-compliance
JUN

23

2022

HDFC Bank Joins RBI Blockchain Trade Financing Pilot
44.71

HDFC Bank, along with other top Indian banks, has been selected by the Reserve Bank of India to participate in a blockchain-based trade financing pilot project aimed at enhancing transparency and preventing fraud in trade finance operations.
+60

Technology and Services Impact

April 21

The pilot leverages blockchain technology to increase transparency, accountability, and security in trade financing, which can help prevent fraud and enhance oversight in the financial sector. This initiative aligns with progressive ideals by ensuring that financial systems are more transparent and less prone to manipulation—a positive step against authoritarian economic practices.

India: RBI Engages with Top Banks to Pilot Blockchain-based Trade Financing Project