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#HDFCBank gets administrative warning from Sebi over delayed disclosure of mortgage head's resignation in March Read More👇 https://t.co/PIjUr4VZGB #HDFCBank #SEBIWarning #DelayedDisclosure #CorporateGovernance #BankingNews
HDFC Bank reimbursed Rs 2.9 crore to Meenakshi Kapuria after Rs 3 crore fraud by her relationship manager. The Bombay HC urges RBI to strengthen banking fraud policies @mrayushmishra #hdfcbank #rbi #fraud https://t.co/FO9QJa35l9
#JustIn | #HDFCBank: #SEBI issues administrative warning letter to the bank. SEBI alleges bank of non-compliances with certain provisions of SEBI listing regulations w.r.t. resignation of Arvind Kapil, a senior management employee of the Bank https://t.co/Gz7sNOIJEe
The Australian Securities and Investments Commission (ASIC) has filed a lawsuit against HSBC Bank Australia for failing to protect customers from scams, resulting in losses of approximately A$23 million ($14.6 million). Between January 2020 and August 2024, HSBC received about 950 reports of unauthorized transactions, with the majority of the losses, around A$16 million, occurring in the six months from October 2023 to March 2024. ASIC alleges that HSBC Australia did not implement adequate controls to prevent and detect unauthorized payments, failed to investigate customer reports of unauthorized transactions within the specified time frames, and did not promptly restore banking services. The regulator is seeking declarations of contraventions, pecuniary penalties, adverse publicity orders, and costs.
