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Thursday, 3 July, 2025

RBI imposes over Rs 1.73-cr fine on HSBC for wrong credit card data

The Reserve Bank of India (RBI) has imposed a penalty of Rs 1,73,75,000 on The Hongkong and Shanghai Banking Corporation Limited (HSBC Ltd) for the contravention of certain rules under Credit Information Companies Rules, 2006 (CIC Rules).

RBI imposes over Rs 1.73-cr fine on HSBC for wrong credit card data

(Photo: iStock)