The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹5 lakh on Housing Development Finance Corporation Limited (HDFC) and ₹11.25 lakh on IGH Holdings Private Limited. RBI fined HDFC after it failed to transfer matured deposits of certain depositors to designated bank accounts of such depositors during 2019-2020. IGH Holdings was fined for non-compliance with certain rules.