A penalty of ₹ 75 lakh on HDFC Bank has been imposed for non-compliance with certain directions issued by RBI on 'Know Your Customer' (KYC), the central bank said in a statement.

India’s largest private sector lender, HDFC Bank was monetarily penalized for Rs 75 lakh by RBI over omissions regarding KYC ...

The Reserve Bank of India (RBI) has imposed a penalty of Rs 75 lakh on HDFC Bank, the country’s largest private sector lender ...

According to RBI, the HDFC Bank did not categorise certain customers into low, medium or high risk category based on its ...

Discover Skylory Corp’s expert predictions on the future of banking compliance in 2025 and beyond. Explore insights on AI, ...

Failure to update KYC details within the stipulated timeframe might result in restrictions on account operations, according ...

RBI Governor Sanjay Malhotra urges banks to streamline KYC processes and enhance customer service. He criticized repeat ...

RBI Governor Sanjay Malhotra asked banks to avoid calling customers repeatedly for ‘know your customer’ (KYC) documents.

The bank has established multiple channels for customers to complete their KYC updates. Customers can visit any PNB branch in person to submit updated documentation, including proof of identity, proof ...

Reserve Bank of India Governor Sanjay Malhotra has a good reason to worry about the quality of customer service at Indian ...

The assisted banking sector, which bridges traditional financial services with innovative technology, is at the forefront of expanding banking services to the last mile. However, it is also grappling ...