RBI fines HDFC & Punjab & Sind Bank

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RBI fines HDFC & Punjab & Sind Bank

MUMBAI: RBI has imposed penalties on HDFC Bank and Punjab & Sind Bank for regulatory violations. HDFC Bank was fined Rs 75 lakh for non-compliance with KYC norms, while Punjab & Sind Bank faced a Rs 68-lakh penalty for lapses in reporting large exposures and financial inclusion guidelines.





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