'No US lawsuits filed yet, ready to defend on facts if needed': HDFC Bank CEO clarifies on governance allegations
Mumbai: HDFC Bank on Wednesday reiterated its strong governance credentials while telling shareholders that no US lawsuits have so far been filed against the country's most-valued lender following investigations announced by multiple overseas law firms."I think in the US, law firms often issue press releases in an effort to identify potential plaintiffs after a decline in the values of the share price," Chief Executive Sasidhar Jagdishan told shareholders at the bank's annual general meeting in Mumbai.Thus far, no lawsuit has been filed, said Jagdishan, adding that if a lawsuit is filed, the b