2017
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which bank did receive Reserve Bank of India Slaps Rs2-crores Penalty recently?
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Canara Bank
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Yes Bank
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State Bank of India
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IDFC Bank
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Explanation:
Detailed explanation-1: -RBI slaps Rs 2.66 crore penalty on Bank of Bahrain & Kuwait BSC, India ops.
Detailed explanation-2: -The Reserve Bank of India (RBI) has, by an order dated December 12, 2022, imposed a monetary penalty of ₹2.66 crore (Rupees Two crore sixty-six lakh only) on Bank of Bahrain & Kuwait BSC, India Operations (the bank) for non-compliance with directions issued by RBI on “Cyber Security Framework in Banks”.
Detailed explanation-3: -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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