Keeping your bank details up to date is more important than many of us realize. If your KYC (Know Your Customer) information with HDFC Bank is outdated, you might face issues with transactions, ...

RBI imposed a monetary penalty of ₹75 lakh on HDFC Bank over non-compliance with KYC norms. The RBI had also conducted a statutory ‘Inspection for Supervisory Evaluation’ of the bank, based on its ...

Upon reviewing HDFC Bank’s response and additional submissions, RBI identified two critical areas of non-compliance: Risk categorisation failure: The bank failed to categorise certain customers into ...

Banks are slowing down fully online account opening after a rise in mule accounts and digital fraud; lenders are now adding in-person checks and branch visits to make customer verification stronger ...

The Reserve Bank of India (RBI) has found HDFC Bank did not comply with certain directions mentioned in the RBI’s Know Your Customer (KYC) master direction and hence imposed a monetary penalty of Rs ...

The Reserve Bank on Wednesday said it has imposed penalties on HDFC Bank and Punjab & Sind Bank for deficiencies in regulatory compliance. A penalty of ₹75 lakh on HDFC Bank has been imposed for ...