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

HDFC BANK LIMITED

(HDFCBANK)
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HDB Deadline Alert: Bronstein, Gewirtz & Grossman, LLC Reminds HDFC Bank Limited Investors of Class Action and Lead Plaintiff Deadline: November 2, 2020

10/30/2020 | 10:01am EST

Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against HDFC Bank Limited ("HDFC” the "Company") (NYSE: HDB) and certain of its officers, on behalf of shareholders who purchased or otherwise acquired HDFC securities between July 31, 2019 and July 10, 2020, both dates inclusive (the “Class Period”). Such investors are encouraged to join this case by visiting the firm’s site: www.bgandg.com/hdb.

This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934.

The Complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements and/or failed to disclose that: (1) HDFC Bank had inadequate disclosure controls and procedures and internal control over financial reporting; (2) as a result, the Bank maintained improper lending practices in its vehicle-financing operations; (3) accordingly, earnings generated from the Bank's vehicle-financing operations were unsustainable; (4) all the foregoing, once revealed, was foreseeably likely to have a material negative impact on the Bank's financial condition and reputation; and (5) as a result, the Bank's public statements were materially false and misleading at all relevant times.

A class action lawsuit has already been filed. If you wish to review a copy of the Complaint you can visit the firm’s site: www.bgandg.com/hdb or you may contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss in HDFC you have until November 2, 2020 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.


© Business Wire 2020
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Financials
Sales 2021 896 B 12 281 M 12 281 M
Net income 2021 306 B 4 187 M 4 187 M
Net Debt 2021 - - -
P/E ratio 2021 25,9x
Yield 2021 0,63%
Capitalization 7 951 B 109 B 109 B
Capi. / Sales 2021 8,87x
Capi. / Sales 2022 7,80x
Nbr of Employees 116 971
Free-Float 78,3%
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Last Close Price 1 443,55 
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Managers and Directors
NameTitle
Sashidhar Jagdishan Chief Executive Officer & Managing Director
Srinivasan Vaidyanathan Chief Financial Officer
Ramesh Lakshminarayanan Chief Information Officer
Kaizad M. Bharucha Executive Director
Umesh Chandra Sarangi Independent Director
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