Reserve Bank of India (RBI) has imposed penalties of Rs7.58 lakh on HDFC Bank Ltd and Shriram Finance Ltd, a non-banking financial company (NBFC), for non-compliance with the directions issued by the ...

The penalty on HDFC Bank was levied under the provisions of Section 11(3) of the Foreign Exchange Management Act (FEMA) after ...

RBI imposes penalties of Rs 2.70 lakh on Shriram Finance and Rs 4.88 lakh on HDFC Bank for violations of norms related to ...

RBI penalizes HDFC Bank and Shriram Finance for regulatory violations, imposing fines for non-compliance with guidelines.

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Additionally, Shriram Finance Limited faces a Rs 2.70 lakh penalty for non-compliance with digital lending directions, specifically regarding loan repayments routed through a third-party account ...

Reserve Bank of India (RBI) imposes penalties on HDFC Bank for foreign investment norms violation and Shriram Finance for ...