BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The Reserve Bank of India has imposed a penalty of Rs 5 crore on which of the following banks for non-compliance of its directives?
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Bandhan Bank
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Allahabad Bank
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Karur Vysya Bank
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Bank of Baroda
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Explanation:
Detailed explanation-1: -The Reserve Bank of India has imposed a penalty of Rs 5 crore on Karur Vysya Bank for non-compliance of its directives.
Detailed explanation-2: -RBI imposes monetary penalty on Federal Bank Limited This action is based on the deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.
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