Current Affairs Economy & Banking

RBI fines HDFC Bank Rs 1 crore

Category : Economy & Banking

 Reserve Bank fined country’s largest private sector lender HDFC Bank Rs 1 crore for not reporting frauds and non-compliance with other directions. The fine pertains to submission of forged bill of entries (BoEs) by certain importers to HDFC Bank for remittance of foreign currency.
Source: The Economic times


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