<p>The Reserve Bank of India on Monday said it imposed a fine of Rs 1.74 crore ($212,752.95) on The Hongkong and Shanghai Banking Corporation Limited (HSBC), citing "deficiencies in regulatory compliance".</p>.<p>The central bank added that HSBC violated rules relating to submission of information to the country's credit information bureaux.</p>.<p><strong>Also Read | <a href="https://www.deccanherald.com/business/business-news/hsbc-defeats-proposal-to-split-bank-1216079.html" target="_blank">HSBC defeats proposal to split bank</a></strong><br /> </p>
<p>The Reserve Bank of India on Monday said it imposed a fine of Rs 1.74 crore ($212,752.95) on The Hongkong and Shanghai Banking Corporation Limited (HSBC), citing "deficiencies in regulatory compliance".</p>.<p>The central bank added that HSBC violated rules relating to submission of information to the country's credit information bureaux.</p>.<p><strong>Also Read | <a href="https://www.deccanherald.com/business/business-news/hsbc-defeats-proposal-to-split-bank-1216079.html" target="_blank">HSBC defeats proposal to split bank</a></strong><br /> </p>