Monetary Penalty 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.