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Allegations by Lilavati trustees 'malicious, false and defamatory': HDFC Bank spokespersonThe spokesperson also warned it has initiated legal proceedings to protect its interests and reputation and reserved the right to pursue further recovery, enforcement, and defamation actions.By CNBCTV18June 11, 2025, 10:23:23 PM IST (Published)1 Min ReadA HDFC Bank spokesperson has strongly denied recent allegations made by trustees of the Lilavati Kirtilal Mehta Medical Trust (LKMMT), calling the claims “false, malicious, and defamatory.”

"We reiterate our unequivocal, categorical and unambiguous denial and condemnation of these egregiously malicious, false and defamatory allegations and insinuations," the spokesperson said in a statement.

In a media statement, the spokesperson emphasised that neither it nor its Managing Director and CEO has engaged in any illegal or unethical activity, affirming full compliance with applicable laws and governance standards. The HDFC Bank representative also accused LKMMT trustees of attempting to obstruct its lawful recovery and enforcement efforts through these allegations.

The spokesperson also warned it has initiated legal proceedings to protect its interests and reputation and reserved the right to pursue further recovery, enforcement, and defamation actions.

"We are concerned about all our stakeholders and are on the verge of taking strong legal actions as per expert advice, against those who are initiating these baseless allegations with malafide and ulterior motives or involved in propagating the same."

HDFC Bank urged media and the public to exercise caution in amplifying what it described as “baseless and frivolous” claims aimed at damaging the bank and its leadership.Continue ReadingCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsHDFC Bankshare market today