The Reserve Bank of India has imposed a penalty of Rs 5 crore on which bank for the alleged Rs 6000 crore forex related irregularities

2016

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

A	Bank of India
B	Canara Bank
C	Bank of Baroda
D	Central Bank of India

Explanation:

Detailed explanation-1: -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.

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.

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