HDFC Bank got a setback, RBI imposed a fine of Rs 10 crore

HDFC bank

HDFC bank

RBI has imposed a fine of Rs 10 crore on the country’s largest private bank HDFC Bank.

Mumbai. The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 10 crore on the country’s largest private bank HDFC Bank. This penalty has been imposed for violation of the provisions of Section 6(2) and Section 8 of the Banking Regulation Act.

The Reserve Bank issued a statement saying that several whistleblower complaints were found regarding the auto loan portfolio of the bank. In the investigation of which many irregularities were found.




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