Major action against HDFC Bank; NHB imposes fine of lakhs of rupees NHB imposed penalty on hdfc bank for non compliance of some norms details

Major action against HDFC Bank; NHB imposes fine of lakhs of rupees NHB imposed penalty on hdfc bank for non compliance of some norms details

HDFC Bank | During the Corona period, a large number of loans were disbursed by HDFC Bank. The bank’s lending stood at Rs 11.47 lakh crore as on June 30.

Major action against HDFC Bank;  NHB fined millions of rupees

HDFC Bank

Mumbai: HDFC Bank, the country’s largest private bank, has been sued by the National Housing Bank (NHB). NHB has fined HDFC Bank Rs 4.75 lakh for violating the rules. (NHB imposed penalty on hdfc bank for non compliance of some norms details)

During the Corona period, a large number of loans were disbursed by HDFC Bank. The bank’s lending stood at Rs 11.47 lakh crore as on June 30. Home loans disbursed by banks also grew by 10.5 per cent.
HDFC is the largest private bank in the country in terms of capital value. The company has a market cap of Rs 8.26 lakh crore. The bank currently has 1.16 lakh employees.

Action against Saraswat and SVC Co-operative Bank

The Reserve Bank of India (RBI) has taken action against four of the country’s largest co-operative banks for violating the rules. These include Saraswat Co-operative Bank Ltd and SVC Bank in Mumbai. The RBI has imposed fines of Rs 25 lakh and Rs 37.50 lakh on both the banks. The other two banks are Mahesh Co-operative Urban Bank in Andhra Pradesh and Mercantile Co-operative Bank in Ahmedabad. Out of this, Mahesh Co-operative Urban Bank has been fined Rs 1 crore 12 lakh 50 thousand. Mercantile Co-operative Bank has been fined Rs 62.50 lakh.

Earlier, action was taken against three co-operative banks in Maharashtra

A few days back, the RBI had fined three co-operative banks in the state. Mogavira Co-operative Bank was fined Rs 12 lakh, Indapur Urban Co-operative Bank Rs 10 lakh and Baramati Sahakari Bank Limited Rs 1 lakh. Dhrangadhara People’s Co-operative Bank was fined Rs 2 lakh, while Bank of India and Punjab National Bank were also fined Rs 6 crore by the Reserve Bank.

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(NHB imposed penalty on hdfc bank for non compliance of some norms details)

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