Why Did RBI Penalize HDFC Bank? A Fine Of ₹75 lakh Imposed On Bank
26 Mar 2025
The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹75 lakh on HDFC Bank, the country’s largest private-sector lender, for failing to comply with the central bank’s Know Your Customer (KYC) guidelines. The RBI issued an official statement on Wednesday, confirming the violation of its KYC master...
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