Hdfc Bank (HDB) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
HDFC Bank has been fined Rs. 18.39 crore by the Deputy Commissioner of State Tax in Andhra Pradesh for allegedly claiming excessive and ineligible input tax credits from fiscal years 2017-18 to 2021-22. The financial impact, including tax, interest, and penalty, totals Rs. 45.93 crore. The bank is considering legal options to challenge the penalty.
For further insights into HDB stock, check out TipRanks’ Stock Analysis page.
