Three US law firms have announced class-action suits against HDFC Bank.
At present, the bank has a network of 11,000 banking correspondents.
Last year, Rosen Law had prepared a similar class-action suit against IT giant Infosys after a whistleblower had alleged malpractices.
The Reserve Bank of India (RBI), which was given a list of candidates in an order of priority, conveyed its approval to Jagdishan's name late last evening, the sources said.
The sale comes months ahead of Puri's retirement from the bank, which he led to become the largest by assets among private lenders and the second-largest overall over 25 years.
The lender's net interest income for the quarter grew 17.8 per cent to Rs 15,665.4 crore from Rs 13,294.3 crore in the same period a year earlier, driven by growth in advances of 20.9 per cent and a
According to documents filed with the stock exchanges, the bank posted a net profit of Rs 6,658.62 crore against Rs 5,568.16 crore in the corresponding period of last year.
Following the reduction, MCLRs of the bank will range from 7.10 per cent to 7.65 per cent.
On a standalone basis, the bank's net profit grew by 17.7 per cent to Rs 6,927.69 crore from Rs 5,885.12 crore. Income rose to Rs 35,917.63 crore as against Rs 31,204.46 crore earlier.
It appreciated HDFC Bank's comfortable capitalisation, strong earnings, regular capital raising to fund above-average growth and the 'best' asset quality in the system.
The consolidated total income during the March quarter of 2019-20 increased to Rs 38,287.17 crore, from Rs 33,260.48 crore a year ago.
HDFC Bank Chief Information Security Officer Sameer Ratolikar said the fraudsters are always on the look-out for newer reasons to execute their designs.
Overall, nearly 9,000 start-ups have banked with the HDFC till date availing facilities right from bank accounts to advisory as well as other value-added services.
Total income rose to `36,039 crore during the October-December quarter against `30,811.27 crore in the year-ago period, HDFC Bank said in a statement.
Thousands of customers of HDFC Bank had to face inconvenience due to a technical glitch which was resolved only by late evening on Tuesday.