HDFC Bank share price falls after RBI imposes monetary penalty

HDFCBANK

HDFC Bank share price fell on May 31 after the Reserve Bank of India (RBI) imposed a penalty of Rs 10 crore on the private lender for deficiency in “regulatory compliance”.

“We wish to inform you that the Reserve Bank of India (RBI) has imposed, by an order dated May 27, 2021, a monetary penalty of Rs 10 crore on HDFC Bank,” the company said in its release.

News Source:- Moneycontrol

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