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

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