With effect from May 21, 2021, private sector lender HDFC Bank has altered interest rates on selected fixed deposit (FD) tenures. Following the most recent revision, HDFC Bank now offers 2.50 per cent interest on deposits maturing in 7 to 29 days, and 3% on deposits maturing in 30 to 90 days. 3.5 per centContinue reading “HDFC Bank Revises Interest Rates On FD, Check New Rates Here”
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RBI imposes ₹10 crore penalty on HDFC Bank
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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