The Reserve Bank has imposed penalties on HDFC Bank and Punjab & Sind Bank for deficiencies in regulatory compliance. File | Photo Credit: Reuters The Reserve Bank on Wednesday (March 26, 2025) said it has imposed penalties on HDFC Bank and Punjab & Sind Bank for deficiencies in regulatory compliance. A penalty of ₹75 lakh on HDFC Bank has been imposed for non-compliance with certain directions issued by RBI on ‘Know Your Customer’ (KYC), the central bank said in a statement. In another statement, the RBI said a penalty of ₹68.20 lakh has been impose on Punjab & Sind Bank for non-compliance with certain directions on ‘Creation of a Central Repository of Large Common Exposures – Across Banks’ and ‘Financial Inclusion – Access to Banking Services – Basic Savings Bank Deposit Account (BSBDA)’. The Reserve Bank of India has also imposed a penalty of ₹10 lakh on KLM Axiva Finvest for non-compliance with requirements relating to declaration of dividends. In all cases, the central bank said the penalties are based on deficiencies in regulatory compliance …