HDFC Bank begins probe into alleged internal data leak

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The Economic Times daily newspaper is available online now. Read Today's Paper HDFC Bank begins probe into alleged internal data leakBy Saloni Shukla, ET BureauLast Updated: Oct 22, 2026, 01:14:00 AM ISTSynopsis

HDFC Bank is currently investigating potential leaks of confidential information to social media and other outsiders. This internal review aims to assess compliance with the bank's code of conduct and governance standards. The investigation specifically examines communications involving senior management and other sensitive issues. HDFC Bank confirmed the review process after allegations arose regarding two senior executives' involvement.

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Loading...×Mumbai: HDFC Bank has initiated a probe into suspected leaks of confidential information to social media and outsiders, as the country's largest private sector lender seeks to make a fresh start amid a series of governance-related controversies, people familiar with the matter said.

The review, undertaken as part of efforts to strengthen internal controls and restore confidence in the bank's governance practices, includes scrutiny of email communications involving some senior management personnel, the people said.

Also Read: HDFC Bank investigates two senior executives over alleged leak of business secrets

Among the matters being examined are suspected leaks of internal information relating to regulatory action against the bank's Dubai operations, fee payments linked to the Maharashtra State Road Development Corporation (MSRDC), disagreements involving senior executives and differences between outgoing CEO Sashidhar Jagdishan and former chairman Atanu Chakraborty, the people said.

The objective is to establish how sensitive internal records found its way into the public domain and whether employees breached confidentiality obligations or the bank's code of conduct. The review is also intended to reinforce accountability and ensure that the incoming leadership begins its tenure with stronger internal governance controls, the people added.

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Also Read: HDFC Bank deputy MD Kaizad Bharucha to step down on December 31

HDFC Bank has separately confirmed that an internal review is underway into potential violations of its code of conduct and governance standards, following allegations of confidential business information being shared with outsiders by two senior executives. "We take any report of potential violations seriously. In line with our policies, an internal review into this matter is currently underway to gather and evaluate all relevant facts," HDFC Bank said.
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