The Reserve Bank of India (RBI) has imposed a Rs 75 lakh penalty in which bank recently

2017

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

A	Deutsche Bank
B	Standard Chartered
C	Bombay Mercantile Co-operative Bank Ltd
D	Punjab National Bank

Explanation:

Detailed explanation-1: -The Reserve Bank of India (RBI) has, by an order dated July 7, 2022, imposed a monetary penalty of ₹70 lakh (Rupees Seventy lakh only) on Bank of India.

Detailed explanation-2: -The Reserve Bank of India (RBI) on Monday informed that it has imposed monetary penalties on nine cooperative banks from six states for non-compliance with various provisions.

Detailed explanation-3: -The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹1, 76, 00, 000 (Rupees One Crore and Seventy Six Lakh only) on Vakrangee Limited (the entity) for non-compliance with certain provisions of the White Label ATM (WLA) directions.

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