2022
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Union Bank of India
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Reserve Bank of India
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Central Bank of India
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State Bank of India
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Detailed explanation-1: -The Reserve Bank of India on Tuesday imposed a monetary penalty of Rs 1. 67 crores on Ola Financial Services for non-compliance with certain provisions of the Master Directions on PPIs.
Detailed explanation-2: -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-3: -RBI imposes ₹1.68-crore penalty on Ola Financial Services - The Hindu BusinessLine.
Detailed explanation-4: -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.