2019
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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For which bank, RBI imposed Rs.1.5 crore for non-compliance on frauds?
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Union Bank of India
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Oriental Bank of Commerce
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Allahabad bank
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Bank of India
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Explanation:
Detailed explanation-1: -RBI imposes monetary penalty on Kotak Mahindra Bank Limited This penalty has been imposed in exercise of powers vested in RBI under the provisions of section 47 A (1) (c) read with sections 46 (4) (i) of the Act.
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