HDFC Bank Addresses Frivolous FIR Amid Loan Recovery Battle

The latest announcement is out from Hdfc Bank ( (HDB) ).

On June 9, 2025, HDFC Bank Limited addressed a media article regarding a frivolous FIR filed against its MD & CEO and senior officials by the Mehta family, owners of Splendour Gems Limited. The bank is involved in a long-standing legal battle to recover a loan of approximately INR 65.22 crore from Splendour Gems, which defaulted on its payments since 1995. Despite multiple legal actions by the Mehta family, HDFC Bank maintains that these are retaliatory and baseless attempts to evade repayment. The bank remains committed to pursuing all legal remedies to recover the dues and uphold its reputation.

The most recent analyst rating on (HDB) stock is a Buy with a $74.00 price target. To see the full list of analyst forecasts on Hdfc Bank stock, see the HDB Stock Forecast page.

Spark’s Take on HDB Stock

According to Spark, TipRanks’ AI Analyst, HDB is a Outperform.

HDFC Bank’s overall score reflects strong financial health and positive technical momentum, balanced by fair valuation and mixed earnings call sentiment. Key strengths include robust income growth and stable credit metrics, while challenges arise from macroeconomic pressures and significant liabilities.

To see Spark’s full report on HDB stock, click here.

More about Hdfc Bank

HDFC Bank Limited is a prominent financial institution in India, operating in the banking industry. It provides a wide range of banking services including loans, credit cards, savings accounts, and investment products. The bank is known for its strong focus on corporate governance and ethical conduct, ensuring high standards of transparency and integrity.

Average Trading Volume: 3,056,643

Technical Sentiment Signal: Buy

Current Market Cap: $177B

See more data about HDB stock on TipRanks’ Stock Analysis page.