LatestLegal Updates 17 August 2026
HDFC Bank Fined 50000
A consumer court has ordered HDFC Bank to pay Rs 50,000 for an erroneous CIBIL report, citing gross negligence in Kerala. The court found the bank liable for the error, which affected the individual's credit score, and ordered compensation for the distress caused.
The Consumer Court has ordered HDFC Bank to pay Rs 50,000 for an *erroneous CIBIL report*, citing *gross negligence* in Kerala. The report had a significant impact on the individual's credit score. Key points of the case include:
- The bank's error led to a lowered credit score
- The individual suffered financial distress due to the error
- The court found HDFC Bank liable for the mistake
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