RBI imposes Rs 1.73 crore penalty on HSBC

The bank in contravention of the RBI's rules furnished incorrect credit information in respect of several expired credit cards with nil dues to all four credit information companies. "In furtherance to the same, a notice was issued to the bank, advising it to show cause as to why penalty should not be imposed for contravention of the said provisions of CIC Rules, as stated therein," it said.

from Banking/Finance-Industry-Economic Times https://ift.tt/4fplZDa