HDFC Bank’s treatment of MSRDC deposit an industry-wide practice, say sources
HDFC Bank parking differential interest paid to Maharashtra State Road Development Corporation (MSRDC) under the marketing head is an industry-wide practice, four people with knowledge of the matter told CNBC-TV18. “It is an industry-wide practice. When you pay a differential amount to one depositor, you don’t want to set it as a precedent. So, it…
