The full timeline, 1994-2026

HDFC Bank incorporated; Aditya Puri hired from Citibank as first MD.

Operations begin; first branch at Sandoz House, Worli, inaugurated by finance minister Manmohan Singh.

NetBanking, SMS banking, then credit cards - secured-first doctrine intact.

ADS lists on the New York Stock Exchange.

Acquires Centurion Bank of Punjab for ₹9,510 crore.

RBI fines the bank ₹4.5 crore after the Cobrapost sting - KYC and reporting violations; no prima facie money laundering found.

The period in which, per the RBI, GPS devices were pushed on vehicle-loan customers.

SEBI orders a probe into unpublished results circulating on WhatsApp. Two individuals are penalised in Nov 2022.

Auto-loan head Ashok Khanna exits after the internal probe begins. Six-plus executives are later fired.

Puri hands over to Sashidhar Jagdishan after 26 years.

RBI halts Digital 2.0 launches and new credit-card sourcing after repeated outages.

RBI fines the bank ₹10 crore over the GPS episode. US class actions follow.

Card curb relaxed; all RBI restrictions lifted 11 Mar 2022.

Merger with parent HDFC Ltd announced - India's largest M&A.

Viral video of a zonal head berating juniors; the official is suspended. FY23 attrition: 34.15%.

Deepak Parekh retires; the merger completes. Loan-to-deposit ratio jumps to about 110%.

MSCI weight increase, in two tranches; first-tranche inflows estimated at USD 1.8 bn.

Alleged mis-selling of Credit Suisse AT1 bonds to NRI clients begins, per later reporting.

Bandra police register the Lilavati Trust FIR against Jagdishan and six former trustees.

Board approves a 1:1 bonus; record date 27 August.

RBI fines the bank ₹91 lakh for KYC, benchmarking and outsourcing violations.

Chairman Atanu Chakraborty resigns over "values and ethics"; intraday erosion touches ₹1 lakh crore.

Three senior executives fired over the Dubai/Bahrain AT1 mis-selling probe; DFSA had restricted new clients.

Bombay High Court quashes the Lilavati FIR: "personal vendetta writ large".

Supreme Court issues notice on the trust's challenge; not inclined to interfere, leaves a narrow window open.

High Court dismisses the trust's ₹1,000-crore defamation plea with ₹5 lakh costs.

Board fines Jagdishan and other executives ₹1 lakh each over MSRDC deposit shortcomings, "not mala fide". Three US law firms open probes.

Jagdishan decides not to seek a third term; stock hits a 52-week low of ₹704.40, -28% YTD.

Board sends two names - reported as Bharucha and Bagchi - to the RBI.

Decision expected within days; RBI consults IRDAI and ICICI Bank's CEO on Bagchi. Term ends 26 Oct 2026.