RBI Imposes Penalties on HDFC Bank, Punjab & Sind Bank, and KLM Axiva Finvest for Regulatory Non-Compliance
On March 26, 2025, the Reserve Bank of India (RBI) announced penalties on HDFC Bank, Punjab & Sind Bank, and KLM Axiva Finvest for deficiencies in regulatory compliance. The penalties have been imposed due to non-compliance with specific RBI directives, particularly in areas related to Know Your Customer (KYC), financial inclusion, and banking regulations. Details …












