HDFC Bank CEO Jagdishan has been named in an FIR by Lilavati Trust and how the legal battle unfolds—Akbar Express explains with clarity & warmth.
✅ Key Developments
- FIR filed by Lilavati Kirtilal Mehta Trust: The trust alleges Jagdishan accepted ₹2.05 crore to harass a trustee’s parent, demanding his suspension and prosecution
- Bank’s robust response: HDFC Bank calls allegations “baseless,” “malicious,” and says they’re a tactic by loan defaulters to derail recovery.
- Why it matters: With Jagdishan at the helm until October 2026, the leadership’s stability and bank’s credibility are under scrutiny
- Jagdishan, a Mumbai-educated chartered accountant who rose to CEO in 2020, now faces personal and professional turmoil—a public trial of trust in leadership .
🔮 Next Steps to Watch
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- Legal progress: Will regulators like RBI or SEBI step in? Will Jagdishan be called for questioning or arrested?
Reputation stakes: HDFC’s defense may shape investor trust—many will ask: “Is this justice or defamation?”
