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    Question

    The Reserve Bank of India (RBI) has imposed a penalty of

    ______ on RBL Bank for not complying with the central banks’ norms on internal ombudsman scheme.
    A Rs.2.27 crore Correct Answer Incorrect Answer
    B Rs.2.99 crore Correct Answer Incorrect Answer
    C Rs.3.45 crore Correct Answer Incorrect Answer
    D Rs.3.78 crore Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    The Reserve Bank of India (RBI) has imposed a penalty of Rs 2.27 crore on RBL Bank for not complying with the central banks’ norms on internal ombudsman scheme, fair practices code, credit card operations, managing risks and code of conduct in outsourcing of financial services, and recovery agents engaged.

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