banking regulations

Rs 1 cr penalty on HDFC Bank: How to protect yourself from recovery agents

TheSpuzz Desk3 months ago08 mins

Source: Business Standard Illustration: Ajay Mohanty 4 min read Last Updated : Sep 17 2024 | 10:15 AM IST The Reserve Bank of India (RBI) has imposed a Rs 1 crore penalty on HDFC Bank for violating guidelines related to the engagement of recovery agents. The bank’s recovery agents were found to have contacted customers…

RBI rejects Canara Bank’s bid for credit card subsidiary amid concerns

TheSpuzz Desk3 months ago04 mins

Source: Business Standard 2 min read Last Updated : Sep 10 2024 | 11:08 AM IST The Reserve Bank of India (RBI) has turned down Canara Bank’s proposal to establish a credit card subsidiary, a move that the government-owned lender believed would boost its growing card business, reported The Economic Times. Currently, Canara…

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banking regulations

Rs 1 cr penalty on HDFC Bank: How to protect yourself from recovery agents

RBI rejects Canara Bank’s bid for credit card subsidiary amid concerns