HDFC Bank Ltd.

Reserve Bank of India (RBI) has imposed monetary penalty of Rs 10 lakh on HDFC Bank for bouncing of SGL which lead to shortage of balance in certain securities in the Bank’s CSGL account on November 19, 2020.

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.