2019
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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For which bank Reserve Bank of India has slapped a penalty of Rs 2 crore for non-compliance of regulatory directions?
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IDBI Bank
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Bank of Baroda
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Punjab National Bank
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Syndicate Bank
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Explanation:
Detailed explanation-1: -Reserve Bank imposed the penalty on Bank of Bahrain & Kuwait BSC, India operations, for non-compliance with directions on cyber security framework.
Detailed explanation-2: -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-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.
Detailed explanation-4: -RBI imposes ₹5.72 crore penalty on Federal Bank - The Hindu BusinessLine.
There is 1 question to complete.