RBI Imposes ₹91 Lakh Fine On HDFC Bank For Outsourcing, KYC Gaps
RBI has imposed a monetary penalty of ₹91 lakh on HDFC Bank after finding multiple violations in interest‑rate practices, outsourcing of key processes and KYC compliance, highlighting growing regulatory scrutiny of large private lenders. The action stems from the central bank’s 2024 supervisory inspection, which examined the bank’s financial position and governance as of March […]
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