Question
Recently RBI had imposed Rs 59 lakh penalty on which of
the following bank?Solution
RBI has imposed a penalty of Rs 59 lakh on the Korean bank, KEB Hana Bank for non-compliance with the certain norms related to āinterest rate on deposits. The bank has been penalized for non-compliance with the directions issued by RBI on āReserve Bank of India (Interest Rate on Deposits) Directions, 2016ā.
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