2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which bank has been fined by the Reserve Bank of India for deficiencies in regulatory compliance?
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ICICI Bank
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Yes Bank
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Bank of Baroda
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Canara Bank
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Explanation:
Detailed explanation-1: -The Reserve Bank of India (RBI) has, by an order dated December 12, 2022, imposed a monetary penalty of ₹2.66 crore (Rupees Two crore sixty-six lakh only) on Bank of Bahrain & Kuwait BSC, India Operations (the bank) for non-compliance with directions issued by RBI on “Cyber Security Framework in Banks”.
Detailed explanation-2: -RBI Imposes Fine on These 9 Banks - Do you have account in any of them?
Detailed explanation-3: -The Reserve Bank of India (RBI) on Monday informed that it has imposed monetary penalties on nine cooperative banks from six states for non-compliance with various provisions.
There is 1 question to complete.