HDFC Bank Limited (HDB) Q1 2022 Earnings Call Transcript fool.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.com Daily Mail and Mail on Sunday newspapers.
Synopsis
This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers. read the statement from the Central Bank
Agencies This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers. read the statement from the Central Bank.
The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 10 crore on The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 10 crore on HDFC Bank Limited (the bank) for contravention of provisions of section 6(2) and section 8 of the Banking Regulation Act, 1949 (the Act), RBI said in its release.
Operator
Ladies and gentlemen, good evening, and welcome to HDFC Bank Limited Q4 FY 21 Earnings Conference Call on the financial results presented by the Management of HDFC Bank. As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after a brief commentary by the management. [Operator Instructions]
I now hand the conference over to Mr. Srinivasan Vaidyanathan, Chief Financial Officer, HDFC Bank. Thank you, and over to you, sir.
Srinivasan Vaidyanathan
Chief Financial Officer
Okay. Thank you, Stephen. Appreciate all of you calling in today. Apologize there is five minutes delay, people are still getting in. But we will get going. I do want to start use this time to start with some environmental context of how we operated in the recent quarter, that gives you a good backdrop of what some of those results are.
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