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RBI slaps penalty of Rs 1 crore on HDFC Bank

Updated : January 30, 2020 11:40 AM IST

It was observed that the transactions effected in 39 current accounts were disproportionate to the declared income and profile of the customers, RBI said.
A notice was issued to the HDFC bank to show cause as to why penalty should not be imposed for non-compliance with the direction.
RBI slaps penalty of Rs 1 crore on HDFC Bank

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