Corporate Announcement
Security Code : 500180    Company : HDFCBANK    
 
Intimation Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 (LODR Regulations) Download PDF Download XBRL
  Exchange Received Time  18/06/2019 20:09:51         Exchange Disseminated Time   18/06/2019 20:09:54              Time Taken   00:00:03
We wish to inform you that the Reserve Bank of India (RBI) has, vide its order dated 13th June, 2019, received by the Bank today i.e. 18th June 2019, imposed a monetary penalty of Rs. 10 million on the Bank for non-compliance with directions issued by RBI on Know Your Customer (KYC)/ Anti-Money Laundering (AML) Norms and on reporting of frauds. The penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47A(1)(c) read with Section 46(4)(i) of the Banking Regulation Act, 1949.

The Bank has taken necessary measures to strengthen its internal control mechanisms so as to ensure that such incidents do not recur.

The above is placed for your information and records, pursuant to the Regulation 30 of the LODR Regulations.
 

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