The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹10 crore on HDFC Bank Limited for contravention of provisions of section 6(2) and section 8 of the Banking Regulation Act, 1949 (the Act), an order dated 27 May stated. This penalty has been imposed in exercise of powers vested in the RBI under the provisionsContinue reading “RBI imposes ₹10 crore penalty on HDFC Bank”
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