CURRENT AFFAIRS : BANKING & FINANCE
RBI imposes Rs 5 lakh penalty on HDFC for non-compliance of norms
- The Reserve Bank of India (RBI) has imposed a penalty of Rs 5 lakh on Housing Development Finance Corporation Limited (HDFC) for non-compliance with certain provisions issued by the National Housing Bank (NHB).
- A statutory inspection of the company was conducted by NHB with reference to its financial position as on March 31, 2020.
