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RBI imposes Rs 10 crore penalty on HDFC Bank

29 May 2021 Evaluate

The Reserve Bank of India (RBI) has imposed a penalty of Rs 10 crore on HDFC Bank for deficiencies in regulatory compliances with regard to its auto loan portfolio.The penalty has been slapped after examining a complaint by a whistle-blower regarding irregularities in the auto loan portfolio of the lender. 

HDFC Bank is one of India’s premier banks providing a wide range of financial products and services using multiple distribution channels including a pan-India network of branches, ATMs, phone banking, net banking and mobile banking.

Peers
Company Name CMP
HDFC Bank 705.00
ICICI Bank 1333.00
Axis Bank 1223.95
Kotak Mahindra Bank 416.30
Indusind Bank 882.30
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