Sashidhar Jagdishan may head India’s largest bank by market value, but he now finds his personal reputation tested in a courtroom dispute that has little to do with HDFC Bank’s balance sheet. The case involves the Lilavati Kirtilal Mehta Medical Trust, which has long been mired in management battles, and it has drawn Jagdishan into allegations linked to loan defaults and forged documents.The matter, which has seen multiple judges recuse themselves, remains stuck in the High Court after the Supreme Court declined to take it up. For Jagdishan and HDFC Bank, the hope is that prolonged delays eventually end in a verdict that clears the case. Until then, the bank’s chief executive is left to manage the reputational fallout of a dispute whose origins lie outside the bank but which now risks being tied to its public image.
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