Reserve Bank of India (RBI) announced on Friday, July 11, which is fine with HDFC Bank Rs 4.78 Lakh and Shriram free
“The HDFC Bank’s punishment is given under the provisions of Section 11 (3) in foreign exchange exchangles – the projection of the Private Sector in India ‘while providing a term of client plot to its statement.
“The RBI issued a show causal bank notice for the same, and such an answer to the HDFC bank written,” The submissions of the oral submitted it, “The statement read.
The RB decided to issue a punishment after considering the case facts in case and the HDFC Bank response.
Similarly, Reserve Bank puts a financial punishment on Shriram Finance limited, a non-banking Finance Corporation (NBFC), for not following some of the provisions of digital lending.
“The Reserve Bank of India (RBI) imposes a cash detail 2.70 Lakh in Shriram Finance Limiteds for non-compliance with India (Digital Liends) Directions, 2025” declared in the RBI, “Central Bank declared.
The RBI conducted a statutory inspection of the company regarding the financial finance position in Shrimaam as March 31, 2024.
“Based on non-criterions in the RBI directions and related letter to say that an announcement should be able to distribute it to the reason of fulfilling the said directions,” as in the bank.
The company runs debt payments by the account of a third party, instead of lenders to paste credit account, the RBI is found in its inspection.
Reserve Bank said the Friram finance was imposed by issuing an order on July 08, 2025.
With inputs from agencies
