HDFC Bank Limited

RBI imposed a monetary penalty of ₹91 lakh on HDFC Bank Limited. The penalty was for violations related to loan benchmarking, permissible business activities of a subsidiary, and KYC compliance.

HDFC Bank must absorb the monetary penalty and remain subject to RBI supervisory oversight. The order does not invalidate customer transactions or agreements, but it signals continued scrutiny for compliance with interest-rate, outsourcing, and KYC requirements.

• section 19 (1)(a) read with section 6(1) of the Banking Regulation Act, 1949
• section 47A(1)(c) read with section 46(4)(i) of the BR Act

RBI imposed a ₹4.88 lakh penalty on HDFC Bank Ltd. for a FEMA/Master Direction contravention related to granting a term loan. The bank’s response was considered, but RBI found the breach established.

HDFC Bank must absorb the monetary penalty; no operational restriction or withdrawal of business activity is indicated in the release. The action has no stated direct impact on customers’ existing transactions, though it reflects a compliance deficiency under FEMA-related RBI directions.

• Section 11(3) of FEMA, 1999
• Paragraph 9.3.6 of ‘ Master Direction – Foreign Investment in India’ dated January 04, 2018

RBI imposed a ₹75 lakh monetary penalty on HDFC Bank Limited for non-compliance with KYC directions. The bank was found to have gaps in customer risk categorisation and UCIC allocation.

HDFC Bank must absorb the penalty and ensure stronger compliance with RBI's KYC framework going forward. The order does not invalidate customer transactions, but it signals supervisory scrutiny and the possibility of additional regulatory action if deficiencies persist.

• Section 47A(1)(c) read with Section 46(4)(i) of the Banking Regulation Act, 1949

RBI imposed a ₹1 crore monetary penalty on HDFC Bank Limited for multiple compliance breaches. The findings covered deposit-related incentives, ineligible account openings, and improper customer contact timing.

HDFC Bank must absorb the monetary penalty and continue complying with the cited RBI directions and conduct requirements. The order does not itself bar operations, but it signals ongoing supervisory scrutiny and potential for further action if similar deficiencies persist. Customers affected by the cited practices include depositors and those contacted by recovery or service personnel outside permitted hours.

• section 47 A (1) (c) read with section 46 (4) of the Banking Regulation Act, 1949

RBI imposed a ₹10,000 penalty on HDFC Bank Limited for violating directions on acceptance of deposits from non-residents.

HDFC Bank must bear the monetary penalty, but the release does not impose any ongoing operational restriction. The action is backward-looking and primarily signals a compliance lapse in dealing with deposits from non-residents.

• Section 11(3) of FEMA, 1999

RBI imposed a ₹10 crore penalty on HDFC Bank Limited for violations of the Banking Regulation Act, 1949. The case arose from an examination tied to marketing and sale of third-party non-financial products and irregularities flagged in the bank’s auto loan portfolio.

HDFC Bank must absorb the penalty and address the compliance deficiencies identified by RBI. The action does not invalidate customer transactions, but it signals regulatory scrutiny over the bank’s product-selling practices and related control environment.

• section 6(2)
• section 8
• Section 47A(1)(c) read with Section 46(4)(i) of the Banking Regulation Act, 1949

RBI imposed a ₹1 crore penalty on HDFC Bank Limited for KYC non-compliance. The regulator found deficiencies in ongoing due diligence in certain current accounts used for IPO bidding.

HDFC Bank must absorb the monetary penalty and address the KYC/control deficiencies identified by RBI, especially around ongoing due diligence for high-risk current accounts. The order does not invalidate customer transactions, but it signals continued supervisory scrutiny and the need for tighter compliance controls going forward.

• section 47 A (1) (c) read with section 46 (4) (i) of the Banking Regulation Act, 1949

RBI imposed a ₹10 million penalty on HDFC Bank Limited for regulatory non-compliance. The violations related to KYC/AML directions and reporting of frauds.

HDFC Bank must absorb the monetary penalty and continue complying with RBI's KYC/AML and fraud-reporting requirements. The action has no stated restriction on ongoing banking operations, but it underscores heightened compliance expectations for the bank's customer onboarding, transaction monitoring, and fraud reporting processes.

• Section 47A(1)(c) read with Section 46(4)(i) of the Banking Regulation Act, 1949

RBI imposed monetary penalties on HDFC Bank, IDBI Bank, and Kotak Mahindra Bank. The penalties were for non-compliance with KYC/AML directions.

Each of the three banks must absorb the monetary penalty and address the compliance deficiencies that led to the action. The release does not impose an operational restriction, but it signals regulatory scrutiny over KYC/AML controls and related compliance processes.

• Section 47A(1)(c) read with Section 46(4)(i) of the Banking Regulation Act, 1949

This RBI action affected 3 entities. This profile is linked as primary.

RBI imposed monetary penalties on 13 banks for KYC/AML and related regulatory violations. The scrutiny also found issues around account monitoring, STR filing, and FEMA-related compliance.

The penalised banks must absorb the monetary penalties and address the compliance gaps identified by the RBI, particularly around KYC, transaction monitoring, STR reporting, and FEMA-related controls. The eight other banks named in the release were not penalised, but were advised to strengthen measures and periodically review compliance processes on an ongoing basis.

• Section 47(A) (1) (c) read with Section 46(4)(i) of the Banking Regulation Act, 1949

This RBI action affected 21 entities. This profile is linked as bulk member.

RBI imposed penalties on 12 banks in connection with scrutiny of accounts related to M/s. Deccan Chronicle Holdings Ltd. The banks were found to have violated RBI instructions/directions/guidelines.

Each named bank must bear the imposed penalty; there is no indication of an operational restriction or cancellation. The action signals regulatory non-compliance tied to lending/account handling in relation to the borrower, but the release says it does not determine the validity of any transaction or agreement between the banks and the borrower.

• Section 47A(1) read with Section 46(4)(i) of the Banking Regulation Act, 1949

This RBI action affected 12 entities. This profile is linked as bulk member.

RBI imposed monetary penalties on Axis Bank, HDFC Bank and ICICI Bank for multiple compliance violations. The issues centered on KYC/AML lapses, CTR filing failures and other breaches of RBI instructions.

Axis Bank, HDFC Bank and ICICI Bank must absorb the monetary penalties and address the compliance weaknesses identified by RBI. The action has no stated operational restriction in the release, but it signals heightened regulatory scrutiny of KYC/AML controls, reporting processes and related customer-account compliance.

• Section 47(A)(1)(c) read with Section 46(4)(i) of the Banking Regulation Act, 1949

This RBI action affected 3 entities. This profile is linked as bulk member.

RBI imposed monetary penalties on 19 commercial banks for violating its derivatives-related instructions. The banks were found to have failed on due diligence, suitability checks, and related verification requirements.

Each of the 19 named banks must absorb the monetary penalty and address the compliance gaps identified by RBI. The action does not impose an ongoing operational restriction, but it signals scrutiny over derivatives sales, suitability checks, and underlying verification controls.

• Section 47A(1)(b) read with Section 46(4)(i) of the Banking Regulation Act, 1949

This RBI action affected 19 entities. This profile is linked as bulk member.

RBI imposed penalties on three scheduled commercial banks for KYC lapses, breach of prudent banking practices, and violations related to loans against shares/ IPOs. The banks were given show-cause notices and personal hearings before the order.

The three banks must bear the financial penalties imposed by RBI; the action does not describe any operational restriction or cancellation. The release also signals regulatory censure for KYC compliance and lending-practice weaknesses, with the detailed irregularities placed on RBI’s website.

• Section 47 A (1)(b) of the Banking Regulation Act, 1949

This RBI action affected 3 entities. This profile is linked as primary.