RBI imposes Rs 1.73 crore penalty on HSBC for non-compliance with Indian norms

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11 May 2023

RBI imposes Rs 1.73 crore penalty on HSBC for non-compliance with Indian norms

The Reserve Bank of India on Monday said it has imposed a penalty of Rs 1.73 crore on HSBC for non-compliance with norms. This action is based on the deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers, the Reserve Bank of India (RBI) said in a statement.

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11 May 2023

RBI imposes Rs 1.73 crore penalty on HSBC for non-compliance with Indian norms

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