RBI imposes Rs 5 lakh penalty on HDFC as it failed to transfer matured deposits to certain customers
Giving details, the Reserve Bank of India (RBI) said a statutory inspection of the company was conducted by NHB with reference to its financial position as on March 31, 2020.
HDFC failed to transfer matured deposits of certain depositors to designated bank accounts of such depositors during the period 2019-20. Source: Reuters