CURRENT AFFAIRS

2019

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

For which bank, RBI penalized Rs.2 Crore for Flouting Norms?

A	Indian Bank
B	Corporation Bank
C	State Bank of India
D	Union Bank of India

Explanation:

Detailed explanation-1: -MUMBAI : The Reserve Bank of India (RBI) on Monday imposed a fine of ₹2 crore on RBL Bank Ltd for flouting norms related to the opening of bank accounts and board composition.

Detailed explanation-2: -The Reserve Bank of India (RBI) has imposed, by an order dated January 31, 2023, a monetary penalty of ₹15.00 lakh (Rupees Fifteen lakh only) on The Utkal Cooperative Bank Ltd.

Detailed explanation-3: -The Reserve Bank of India (RBI) has imposed, by an order dated April 07, 2022, a monetary penalty of ₹93 Lakh (Rupees Ninety-three Lakh only) on Axis Bank Ltd.

Detailed explanation-4: -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.

Detailed explanation-5: -RBI imposes Rs 1 crore fine on State Bank of India - The Economic Times.

There is 1 question to complete.