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      Question

      Recently RBI had imposed Rs 59 lakh penalty on which of

      the following bank?
      A Union Bank of India Correct Answer Incorrect Answer
      B Federal Bank Correct Answer Incorrect Answer
      C KEB Hana Bank Correct Answer Incorrect Answer
      D Standard Chartered Bank Correct Answer Incorrect Answer
      E None of the above Correct Answer Incorrect Answer

      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 тАШinterest rate on deposits. The bank has been penalized for non-compliance with the directions issued by RBI on тАЭReserve Bank of India (Interest Rate on Deposits) Directions, 2016тАЭ.

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