India, Oct. 3 -- The Reserve Bank of India (RBI) has, by an order dated October 01, 2025, imposed a monetary penalty of Rs. 4.20 lakh (Rupees Four lakh twenty thousand only) on HDB Financial Services Limited (the company) for non-compliance with certain provisions of the 'Reserve Bank of India (Know Your Customer (KYC)) Directions, 2016' issued by RBI. This penalty has been imposed in exercise of powers conferred on RBI under clause (b) of sub-section (1) of Section 58G read with clause (aa) of sub-section (5) of Section 58B of the Reserve Bank of India Act, 1934.The statutory inspection of the company was conducted by RBI with reference to its financial position as on March 31, 2024. Based on supervisory findings of non-compliance with RBI...