Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  NSE India Stock Exchange  >  HDFC Bank Limited    HDFCBANK   INE040A01034

HDFC BANK LIMITED

(HDFCBANK)
  Report
End-of-day quote. End-of-day quote NSE India Stock Exchange - 11/27
1440.85 INR   +1.00%
11/26Indian shares jump as metals, financials gain
RE
11/23HDFC BANK : Disclosure under Reg. 30 of SEBI LODR
PU
11/16HDFC BANK : Schedule of analyst and investor meet
PU
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsAnalyst Recommendations

HDB Bernstein Liebhard Reminds Investors of the Deadline to File a Lead Plaintiff Motion in a Securities Class Action Lawsuit Against HDFC Bank Limited

09/22/2020 | 10:03am EST

Bernstein Liebhard, a nationally acclaimed investor rights law firm, reminds investors of the deadline to file a lead plaintiff motion in a securities class action that has been filed on behalf of investor that purchased or acquired the securities of HDFC Bank Limited ("HDFC" or the "Company") (NYSE: HDB) between July 31, 2019, and July 10, 2020 (the "Class Period"). The case filed in the United States District Court for the Eastern District of New York alleges violations of the Securities Exchange Act of 1934.

If you purchased HDFC securities, and/or would like to discuss your legal rights and options please visit HDFC Shareholder Lawsuit or contact Matthew E. Guarnero toll free at (877) 779-1414 or MGuarnero@bernlieb.com.

The complaint alleges that throughout the Class Period, the Defendants made materially false and misleading statements regarding the Company's business, operational and compliance policies. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) HDFC Bank had inadequate disclosure controls and procedures and internal control over financial reporting; (ii) as a result, the Bank maintained improper lending practices in its vehicle-financing operations; (iii) accordingly, earnings generated from the Bank's vehicle-financing operations were unsustainable; (iv) all the foregoing, once revealed, was foreseeably likely to have a material negative impact on the Bank's financial condition and reputation; and (v) as a result, the Bank's public statements were materially false and misleading at all relevant times.

On July 13, 2020, during pre-market hours, The Economic Times published an article titled "HDFC Bank probes lending practices at vehicle unit." That article reported that HDFC Bank had "conducted a probe into allegations of improper lending practices and conflicts of interests in its vehicle-financing operations involving the unit's former head."

On this news, HDFC Bank's American Depositary Share ("ADS") price fell $1.37 per share, or 2.83%, to close at $47.02 per share on July 13, 2020.

If you wish to serve as lead plaintiff, you must move the Court no later than November 2, 2020. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. Your ability to share in any recovery doesn’t require that you serve as lead plaintiff. If you choose to take no action, you may remain an absent class member.

If you purchased HDFC securities, and/or would like to discuss your legal rights and options please visit https://www.bernlieb.com/cases/hdfcbanklimited-hdfc-shareholder-class-action-lawsuit-stock-fraud-309/apply/ contact Matthew E. Guarnero toll free at (877) 779-1414 or MGuarnero@bernlieb.com.

Since 1993, Bernstein Liebhard LLP has recovered over $3.5 billion for its clients. In addition to representing individual investors, the Firm has been retained by some of the largest public and private pension funds in the country to monitor their assets and pursue litigation on their behalf. As a result of its success litigating hundreds of lawsuits and class actions, the Firm has been named to The National Law Journal’s “Plaintiffs’ Hot List” thirteen times and listed in The Legal 500 for ten consecutive years.

ATTORNEY ADVERTISING. © 2020 Bernstein Liebhard LLP. The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414. The lawyer responsible for this advertisement in the State of Connecticut is Michael S. Bigin. Prior results do not guarantee or predict a similar outcome with respect to any future matter.


© Business Wire 2020
All news about HDFC BANK LIMITED
11/26Indian shares jump as metals, financials gain
RE
11/23HDFC BANK : Disclosure under Reg. 30 of SEBI LODR
PU
11/16HDFC BANK : Schedule of analyst and investor meet
PU
11/05Indian banks see revival in loan growth but concerns linger
RE
11/03HDFC BANK : Notice of Postal Ballot
PU
11/01MOVES-Carlyle appoints top Indian banker Puri as senior adviser
RE
10/30THE LAW OFFICES OF FRANK R. CRUZ : Reminds Investors of Looming Deadline in the ..
BU
10/30HDB DEADLINE ALERT : Bronstein, Gewirtz & Grossman, LLC Reminds HDFC Bank Limite..
BU
10/28HDFC BANK : Intimation under Reg 30 of SEBI LODR - Appointment of Director
PU
10/28HDFC BANK : Intimation under Reg 30 of SEBI LODR - Change in directorate
PU
More news
Financials
Sales 2021 884 B 12 020 M 12 020 M
Net income 2021 286 B 3 888 M 3 888 M
Net Debt 2021 - - -
P/E ratio 2021 27,7x
Yield 2021 0,67%
Capitalization 7 893 B 107 B 107 B
Capi. / Sales 2021 8,93x
Capi. / Sales 2022 7,85x
Nbr of Employees 116 971
Free-Float 83,4%
Chart HDFC BANK LIMITED
Duration : Period :
HDFC Bank Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends HDFC BANK LIMITED
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
 
Mean consensus -
Number of Analysts
Average target price
Last Close Price 1 433,30 
Spread / Highest target -
Spread / Average Target -
Spread / Lowest Target -
EPS Revisions
Managers
NameTitle
Sashidhar Jagdishan Chief Executive Officer & Managing Director
Shyamala Gopinath Chairman
Srinivasan Vaidyanathan Chief Financial Officer
Ramesh Lakshminarayanan Chief Information Officer
Kaizad M. Bharucha Executive Director
Sector and Competitors