New Delhi, May 27 -- HDFC Bank declined more than 2% on Wednesday following a media report alleging that the lender conducted an internal vigilance investigation into interest payments worth Rs.45 crore made to a state firm. HDFC Bank shares fell as much as 2.27% to Rs.761.25 apiece on the BSE.

According to a report by The Indian Express dated May 27, an internal vigilance probe at HDFC Bank examined "differential interest" payments amounting to Rs.45 crore made to the Maharashtra State Road Development Corporation (MSRDC).

The report said the investigation was initiated shortly before former chairman Atanu Chakraborty stepped down on March 18.

As per The Indian Express report, HDFC Bank's Audit Committee of the Board ordered the probe...