HDFC Bank Ltd.

Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 1 crore on HDFC Bank for failure to undertake on?going due diligence in case of 39 current accounts opened for bidding in Initial Public Offer.

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.