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RBI Imposes Penalty on HDFC Bank, Shriram Finance
The Business Guardian
|July 12, 2025
The company routed the loan repayments through the account of a third-party, instead of the borrowers directly crediting the loan repayments to the company's account, the RBI said.
The Reserve Bank on Friday said it has imposed a Rs 4.88 lakh penalty on HDFC Bank for contravention of certain norms relating to foreign investment in India while granting a term loan to its client.
The central bank also imposed a penalty of Rs 2.70 lakh on Shriram Finance Limited for non-compliance with certain provisions of the "Reserve Bank of India (Digital Lending) Directions, 2025".
Denne historien er fra July 12, 2025-utgaven av The Business Guardian.
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FLERE HISTORIER FRA The Business Guardian
The Business Guardian
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