 On Jan 29, 2020, Reserve Bank of India imposes monetary penalty on HDFC Bank Limited for failure to undertake on-going due diligence in case of 39 current accounts opened for bidding in the initial public offer.A HDFC bank manager arrested for Rs 59.41 lakh fraud in Odisha

Altico Capital and Dubai's Mashreq Bank have approached the Reserve Bank of India, accusing HDFC Bank of violating regulatory provisions by debiting part of the funds the company had raised through external commercial borrowing (ECB) and parked at the Indian bank.The local bank's decision to transfer money from the account may be a violation of the RBI's end-use rule, they said.