RBI slapped Rs 3 crore on this bank for non-compliance in criteria for directors of the bank.

2019

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

A	IndusInd Bank
B	Citibank India
C	Axis Bank
D	Yes Bank

Explanation:

Detailed explanation-1: -On Jan 11, the Reserve Bank of India (RBI) imposed a fine on Citibank NA for deficiency in its compliance with the RBI’s ‘Fit and Proper’ criteria for directors of Banks.

Detailed explanation-2: -RBI imposes monetary penalty on IndusInd Bank Ltd (the bank) for non-compliance with certain directions issued by RBI on ‘Reserve Bank of India (Know Your Customer (KYC)) Directions, 2016’.

There is 1 question to complete.