The Reserve Bank of India has imposed a monetary penalty of.....on IDFC Bank for contravention of regulatory restrictions pertaining to loans and advances.

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

The Reserve Bank of India has imposed a monetary penalty of____on IDFC Bank for contravention of regulatory restrictions pertaining to loans and advances.

A	Rs 2 crore
B	Rs 4 crore
C	Rs 10 crore
D	Rs 6 crore

Explanation:

Detailed explanation-1: -The Reserve Bank of India (RBI) has imposed on October 23, 2017, a monetary penalty of ₹ 20 million on IDFC Bank Limited (the bank) for contravention of regulatory restrictions pertaining to loans and advances.

Detailed explanation-2: -Press Releases. The Reserve Bank of India (RBI) has, by an order dated June 29, 2022, imposed a monetary penalty of ₹1 crore (Rupees One crore only) on IndusInd Bank Ltd.

Detailed explanation-3: -The Reserve Bank of India (RBI) has imposed, by an order dated January 31, 2023, a monetary penalty of ₹15.00 lakh (Rupees Fifteen lakh only) on The Utkal Cooperative Bank Ltd.

Detailed explanation-4: -RBI slaps Rs 2.66 crore penalty on Bank of Bahrain & Kuwait BSC, India ops.

Detailed explanation-5: -The Reserve Bank of India (RBI) has imposed, by an order dated May 27, 2021, a monetary penalty of ₹10.00 crore (Rupees ten crore only) on HDFC Bank Limited (the bank) for contravention of provisions of section 6(2) and section 8 of the Banking Regulation Act, 1949 (the Act).

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