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There are allegation that from November 15 to November 18, the bank manager had issued 149 demand drafts for amounts less than Rs 50,000 in favour of a Pune-based finance company in violation of RBI guidelines.

What HDFC's entry into RBI's list of 'too big to fail' banks means

There are currently three 'too big to fail' banks in India, namely, HDFC, ICICI Bank and SBI.

5 Sept 2017 1:36 PM IST