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Posts tagged as “FINE”

RBI impose penalty of 10 crores on HDFC Bank towards forcing auto loan cuy to buy GPS device.

The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 10 crore on HDFC Bank Limited for violation of certain rules, the central bank said on May 28.This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction…