Friday, 28 May 2021

RBI slaps Rs 10 crore penalty on HDFC Bank

Zee News An examination of documents in the matter of marketing and sale of third-party non-financial products to the bank`s customers, arising from a whistleblower complaint to RBI regarding irregularities in the auto loan portfolio of the bank, revealed, inter alia, contravention of the aforesaid provisions of the Act and the regulatory directions, it said. https://ift.tt/eA8V8J May 28, 2021 at 08:33PM An examination of documents in the matter of marketing and sale of third-party non-financial products to the bank`s customers, arising from a whistleblower complaint to RBI regarding irregularities in the auto loan portfolio of the bank, revealed, inter alia, contravention of the aforesaid provisions of the Act and the regulatory directions, it said.

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