HDFC bank responds, says will investigate bad mouthing, threat “allegations” against senior executive

Srinagar: The HDFC bank said that it will investigate case against its senior executive wherein he has resorted to bad mouthing and threat to its branch managers if they fail to perform and generate good business.

“Thanks for giving us an opportunity to clarify. We’ll need to investigate to get to the bottom of the allegations that have been levelled against one of our senior executives,” the HDFC bank said in a statement issued to The Kashmir Press

“While we do that, we’d like to reiterate that as an organisation we are a responsible and uphold highest standards of propriety, personal conduct and decorum”.

“It is highly unlikely that anyone of us would behave in a manner  unbecoming of our culture, values and ethos. While we investigate, we’d urge you to be cautious and not fall prey to what could well be malicious design aimed at maligning the reputation of the individual as well as the brand,” the statement added.

The Kashmir Press had reported The HDFC bank Jammu Kashmir head, Zubair Iqbal, crossed all the limits when he along with six other cluster heads humiliated, taunted and used bad language against their own branch managers if they failed to perform and generate good business.

Iqbal along with his cluster heads resorted to name calling of their managers, used abusive language, racist remarks, and went on to the extent of asking one manager to commit suicide.

In a bid to open fierce competition with its rival Jammu and Kashmir Bank, the HDFC bank had already instructed its employees to perform or submit resignations.

The bank had also asked its 12 managers to submit resignation in advance so that if they failed to meet the target given to them by the bank, they should be automatically terminated after two months of the deadline.

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