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An update from HDB Financial Services Limited ( (IN:HDBFS) ) is now available.
HDB Financial Services Limited has been penalized by the Reserve Bank of India (RBI) with a monetary fine of Rs. 4,20,000 for non-compliance with the RBI’s Know Your Customer (KYC) Directions, 2016. The penalty, applicable for the financial year 2023-24, was imposed due to the company’s failure to obtain PAN or equivalent documents for certain loan accounts. Despite the penalty, the company states that there is no material financial impact and has taken corrective actions to address the issue.
More about HDB Financial Services Limited
HDB Financial Services Limited operates in the financial services industry, providing a range of financial products and services. The company focuses on offering loans, asset finance, and insurance services, catering primarily to retail and corporate clients across India.
Average Trading Volume: 205,924
For an in-depth examination of HDBFS stock, go to TipRanks’ Overview page.