Senior citizens seeking stable income and market-risk-free returns often turn to fixed deposits. Banks commonly offer enhanced interest rat...

In recent times many resident individuals, banking with various financial institutions, have used cards to carry out international capital ...

HDFC Bank has penalized at least 12 senior and mid-level executives, including Ashish Parthasarthy, for their alleged role in the mis-selli...

Atanu Chakraborty stepped down as HDFC Bank chairman after a two-year internal dilemma. He cited a mismatch in understanding values, ethics...

Minimum balance charges: Banks collected significant penalties from customers for low account balances. Public sector banks alone gathered ...

The Reserve Bank of India has levied a Rs 91 lakh penalty on HDFC Bank for violating banking regulations. The violations include using mult...

The Reserve Bank of India (RBI) has penalized HDFC Bank Rs 4.88 lakh for violating norms related to foreign investment while granting a ter...

The Reserve Bank of India has imposed penalties on HDFC Bank, Punjab & Sind Bank, and KLM Axiva Finvest for regulatory compliance deficienc...

HDFC Bank: The Reserve Bank of India found HDFC Bank violated Know Your Customer (KYC) norms as laid down by RBI's Master Direction - Know ...

Different banks impose different penalty charges, and it typically involves a reduction in interest rate. The penalty can range from 0.5% t...

FD premature withdrawal charges of top banks: Banks allow customers to make premature withdrawal of fixed deposits (FD), but usually with a...

The Reserve Bank of India has fined Axis Bank ₹1.91 crore and HDFC Bank ₹1 crore for regulatory non-compliance. Axis Bank's violations incl...

The Reserve Bank of India has imposed penalties amounting to Rs 2.91 crore on Axis Bank and HDFC Bank for deficiencies in statutory and reg...

The Reserve Bank of India (RBI) has imposed a penalty of Rs 10,000 each on Bank of America, N.A., and HDFC Bank Ltd for violations of certa...

Here is a look at the premature FD withdrawal penalty charges of SBI, HDFC Bank, ICICI Bank, PNB, Canara Bank and Yes Bank. (Information as...

Fixed deposits (FDs) are secure investments since they have guaranteed returns and fixed interest rates. It is possible to prematurely with...

The RBI had issued a notice to the bank to show cause as to why penalty should not be imposed for non-compliance with the direction. After ...