HDFC Bank announced that the Reserve Bank of India imposed a penalty of Rs 0.91 crore on the bank. The order was dated 18 November 2025 and was received on 28 November 2025. This action relates to regulatory violations connected to the bank’s financial position as of 31 March 2024.
The penalty was imposed under the Banking Regulation Act, 1949, due to failure to follow directions on interest rates for loans, outsourcing of financial services, and KYC requirements. The RBI provided a detailed order outlining the identified issues.
HDFC Bank mentioned that it has already taken steps to fix the problems. Its subsidiary, HDB Financial Services, has also made corrective changes. The bank confirmed that both entities are now fully compliant with the relevant RBI regulations.