Hdfc Bank News - Latest Updates & Headlines

RBI slaps Rs 75 lakh fine on HDFC Bank for breach of norms

Mumbai, March 26: The Reserve Bank of India (RBI) has imposed a penalty of Rs 75 lakh on HDFC Bank, the country’s largest private sector lender, for not complying with directions in the RBI’s Know Your Customer (KYC) master direction, according to an official statement issued on Wednesday.

Credit card spending clocks double-digit jump in January

Mumbai, Feb 25: Consumer expenditure through credit cards has shot up by 10.8 per cent year-on-year to Rs 1.84 lakh crore in January 2025 with HDFC Bank and ICICI Bank recording the highest increase, according to the latest data compiled by the RBI.