New Delhi, April 2 -- The controversy surrounding HDFC Bank, India's largest private lender, shows no signs of abating, with media reports indicating potential action against 12 more executives over the alleged mis-selling of additional tier-1 (AT-1) bonds.

A CNBC-TV18 report on April 2 said the bank has penalised 12 additional executives, over and above the three senior officials who were dismissed last month.

Those dismissed earlier include Sampath Kumar, group head of branch banking, along with Harsh Gupta (Executive Vice President, Middle East, Africa, and NRI onshore business) and Payal Mandhyan (Senior Vice President), as per an earlier report.

Meanwhile, the business news channel said that among the 12 executives on radar now, f...