Topic
cfo
Finance HDFC Board Imposes Rs 1 Lakh Fine on MD, CFO Over Extra Payout to Maharashtra PSU
HDFC Bank's board imposed a Rs 1 lakh penalty each on MD & CEO Sashidhar Jagdishan, CFO Srinivasan Vaidyanathan, and group head Arvind Vohra for 'business overreach' in deposit deals with Maharashtra State Road Development Corporation. The board found no mala fide intent but issued warning letters, in an action seen as unprecedented and aligned with RBI's push for stronger board oversight.
Finance HDFC Bank Board Imposes Rs 1 Lakh Penalty Each on MD, CFO, Group Head in MSRDC Case
HDFC Bank's board imposed a Rs 1 lakh penalty each on its MD & CEO Sashidhar Jagdishan, CFO Srinivasan Vaidyanathan, and Group Head (Retail Assets) Arvind Vohra for divergence from RBI directions in the MSRDC matter. The bank also issued warning letters to other employees involved in mobilising large deposits between 2017 and 2021.
Finance Who is Puneet Sharma, the Axis Bank CFO Who Has Resigned? No Details in Brief Report
On June 29, 2026, Business-Today published an article questioning who Puneet Sharma is, identifying him as the Axis Bank CFO who has resigned. The article provides no further details on the resignation but includes a description of the TOI Business Desk and a list of financial calculator tools.
Business Hub Group CFO, COO Exit Amid Financial Restatement
Hub Group's CFO and COO have resigned following a $77 million accounting error that led to financial restatements. Interim CFO Todd Heeter steps in as the company aims to rectify its financial reporting.