HDFC Bank Ltd.
BSE: 500180 | NSE: HDFCBANK
Large Cap | Bank - Private
819.65
11.35 (1.40%) RBI imposes Rs 10 crore penalty on HDFC Bank
Date: 29-05-2021The 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.