BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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How many banks were fined by the Reserve Bank of India (RBI) on 25 July 2014 for violating central bank rules in the case of Deccan Chronicle Holdings?
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Ten
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Eleven
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Twelve
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Thirteen
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Explanation:
Detailed explanation-1: -RBI Imposes Fine on These 9 Banks-Do you have account in any of them?
Detailed explanation-2: -The public sector lender Bank of India has been fined ₹70 lakh by the central bank for failing to follow Know Your Customer (KYC) guidelines.
Detailed explanation-3: -RBI imposes monetary penalty of Rs 93 lakh on Axis Bank for non-compliance of directions.
Detailed explanation-4: -RBI imposes monetary penalty on IndusInd Bank Ltd (the bank) for non-compliance with certain directions issued by RBI on ‘Reserve Bank of India (Know Your Customer (KYC)) Directions, 2016’.
There is 1 question to complete.