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HDFC Bank shares trade flat after RBI imposes Rs 10 cr fine


HDFC Bank shares trade flat after RBI imposes Rs 10 cr fine
ANI
31 May 2021, 16:55 GMT+10
Mumbai (Maharashtra) [India], May 31 (ANI): Shares of HDFC Bank traded flat during early hours on Monday after the Reserve Bank of India (RBI) imposed a penalty of Rs 10 crore for deficiency in its regulatory compliance.
We wish to inform you that the RBI has imposed by an order dated May 27, 2021 a monetary penalty of Rs 10 crore on HDFC Bank, the company said in a statement.
The bank has always endeavoured to maintain the highest standards of compliance and culture within the organisation, and shall continue to do so, including engaging with the regulator in this regard. The RBI imposed a Rs 10 crore fine on HDFC Bank 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. ....

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RBI fines HDFC Bank Rs 10 crore over regulatory violations

RBI fines HDFC Bank Rs 10 crore over regulatory violations
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