HDFC Bank rebounds 4% from day's low
The private lender has appointed Deloitte Touche Tohmatsu India to conduct an independent forensic enquiry into the allegations made by news website Cobrapost.
HDFC Bank has moved higher by 2.3% at Rs 654, bouncing back almost 4% from intra-day low, after the private lender said it has appointed Deloitte Touche Tohmatsu India to conduct an independent forensic enquiry into the allegations made by news website Cobrapost.
“The bank has appointed Deloitte Touche Tohmatsu India, a leading accounting and audit firm, to carry out an independent forensic enquiry into the allegations and reported statements, as made by Cobrapost repersentitives, when secretly taping bank officials,” HDFC Bank said in regulatory filing.
The private lender has also appointed Amarchand & Mangaldas & Suresh A Shroff & Co to examine if any of its employees violated the bank's code of conduct and ethical standards. The bank's internal department is also probing the matter, it added.
The stock opened at Rs 633 and hit a low of Rs 630 in morning deals on NSE. A combined 3.24 million shares have changed hands on the counter till 1447 hours on NSE and BSE.
“The bank has appointed Deloitte Touche Tohmatsu India, a leading accounting and audit firm, to carry out an independent forensic enquiry into the allegations and reported statements, as made by Cobrapost repersentitives, when secretly taping bank officials,” HDFC Bank said in regulatory filing.
The private lender has also appointed Amarchand & Mangaldas & Suresh A Shroff & Co to examine if any of its employees violated the bank's code of conduct and ethical standards. The bank's internal department is also probing the matter, it added.
The stock opened at Rs 633 and hit a low of Rs 630 in morning deals on NSE. A combined 3.24 million shares have changed hands on the counter till 1447 hours on NSE and BSE.