RBI fines HDFC Bank Rs 10 crore over regulatory violations
The action has been taken after RBI looked into a whistleblower complaint about irregularities in HDFC Bank s vehicle loan division
BusinessToday.In | May 29, 2021 | Updated 02:08 IST
Reserve Bank of India has imposed a Rs 10 crore fine on HDFC Bank. The monetary penalty has been imposed on the private sector lender for contravention of provisions of section 6(2) and section 8 of the Banking Regulation Act, 1949, the central bank said in a statement on Friday.
This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers, RBI clarified.
RBI imposes penalty on State Bank of India
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Goa State Cooperative Bank Ltd Not A State Under Art 12, Does Not Discharge Any Public Functions: Full Bench Of Bombay High Court
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LVS-DBS merger: SC notice on RBI s transfer plea
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SC notice on RBI s plea to transfer petitions against LVS-DBS merger to one location ANI | Updated: Dec 22, 2020 13:59 IST
New Delhi [India], December 22 (ANI): The Supreme Court has issued a notice on the Reserve Bank of India s plea seeking to transfer all cases related to the merger of Lakshmi Vilas Bank (LVB) with DBS Bank India pending before various High Courts to one location.
A bench headed by Justice Mohan M Shantangoudar last week sought responses from those who have filed petitions before the various High Court and posted the matter for further hearing in January 2021.
Five cases are pending before the Delhi High Court, Madras High Courts, Karnataka High Court and Bombay High Court challenging the Lakshmi Vilas Bank Limited (Amalgamation with DBS Bank India Limited) Scheme, 2020.