Bank Of Maharashtra: RBI imposes penalties on BoM, Hinduja Leyland Finance, Poonawalla Fincorp

Bank Of Maharashtra: RBI imposes penalties on BoM, Hinduja Leyland Finance, Poonawalla Fincorp

MUMBAI: The Reserve Bank on Friday said it has imposed a penalty of Rs 1.27 crore on Bank of Maharashtra (BoM) for violating its directions, including on Know Your Customer. The Reserve Bank of India (RBI) has, by an order dated August 8, 2024, imposed a monetary penalty of Rs 1.27 crore on Bank of … Read more

HDFC Bank’s home loan business head to lead Poonawalla Fincorp

HDFC Bank’s home loan business head to lead Poonawalla Fincorp

MUMBAI: HDFC Bank’s mortgage business head Arvind Kapil has filed papers to take charge as MD & CEO of Poonawalla Fincorp. Kapil is a 25-year veteran of HDFC Bank and was placed in charge of the legacy housing finance business of HDFC after its merger with the bank last year.“Given the sheer size of the … Read more