RBI said that HDFC Bank violated Know Your Customer (KYC) norms, while Punjab & Sind Bank faced penalty for non-compliance ...

Speaking at an event in Mumbai on Wednesday, RBI Governor Sanjay Malhotra said there is a need to make the KYC system more ...

To ensure effective and fair financial regulations, Malhotra advocated for a risk-based approach. He noted that assessing the ...

The Reserve Bank of India found HDFC Bank violated Know Your Customer (KYC) norms as laid down by RBI's Master Direction - ...

Shares of HDFC Bank, India’s largest private lender, closed at ₹1,805.95 on March 26, down 0.85%, ahead of RBI’s penalty.

India’s largest private sector lender, HDFC Bank was monetarily penalized for Rs 75 lakh by RBI over omissions regarding KYC ...

HDFC Bank was not alone, a PSU lender backed by PNB, aka Punjab & Sind Bank also faced monetary penalties. Accordingly, HDFC ...

The Reserve Bank of India (RBI) has imposed a penalty of Rs 75 lakh on HDFC Bank, the country's largest private sector lender ...

According to RBI, the HDFC Bank did not categorise certain customers into low, medium or high risk category based on its ...

Mumbai: The Reserve Bank of India (RBI) has imposed a penalty of Rs 75 lakh on HDFC Bank, the country’s largest private ...

Customers can update KYC details by providing identity proof, address proof, a recent photo, PAN/Form 60, income proof, and ...

The Reserve Bank of India (RBI) has imposed a penalty of Rs 75 lakh on HDFC Bank, the country’s largest private sector lender ...