π¦ HDFC Bank stock dips amidst US lawsuit drama
HDFC Bank shares are seeing selling pressure following a US class-action lawsuit filed against the bank. The complaint was lodged by an investor in the US District Court for the Southern District of New York. This suit covers investors who bought HDFC securities between July 17, 2023, and May 26, 2026. The lawsuit alleges the bank violated US securities laws by camouflaging payments as marketing expenditure. HDFC Bank has reportedly rejected these claims and plans to defend itself vigorously. π