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RBI slaps Rs 91 lakh penalty on HDFC Bank for many non-compliances

  • Bias Rating
  • Reliability

    N/AN/A

  • Policy Leaning

    2% Center

  • Politician Portrayal

    N/A

Bias Score Analysis

The A.I. bias rating includes policy and politician portrayal leanings based on the author’s tone found in the article using machine learning. Bias scores are on a scale of -100% to 100% with higher negative scores being more liberal and higher positive scores being more conservative, and 0% being neutral.

Sentiments

Overall Sentiment

-8% Negative

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Bias Meter

Contributing sentiments towards policy:

51% : The penal action comes after a statutory inspection for supervisory evaluation of the country's second largest bank was conducted with reference to its financial position as on March 31, 2024, the central bank said, adding the punitive measure is for the supervisory findings of non-compliance with the provisions of the Banking Regulation Act, RBI directions and related correspondence in that regard and bank's response to the its notice was not satisfactory.
48% : In a note, the RBI said the penalty has been imposed "for contravention of certain provisions of the Banking Regulation Act and non-compliance with certain directions on 'interest rate on advances', 'guidelines on managing risks and code of conduct in outsourcing of financial services by banks' and the not properly meeting the KYC norms.

*Our bias meter rating uses data science including sentiment analysis, machine learning and our proprietary algorithm for determining biases in news articles. Bias scores are on a scale of -100% to 100% with higher negative scores being more liberal and higher positive scores being more conservative, and 0% being neutral. The rating is an independent analysis and is not affiliated nor sponsored by the news source or any other organization.

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