CURRENT AFFAIRS

Detailed explanation-1: -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-2: -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.

Detailed explanation-3: -SBI | Bank signed a loan agreement of $1 billion with Japan Bank and other lenders for international cooperation. (Image: PTI) State Bank of India on Thursday said the Reserve Bank of India has slapped Rs 1 crore penalty on the country’s largest lender for violating norms.