Question
The Reserve Bank of India (RBI) has imposed a monetary
penalty on the State Bank of India (SBI), Punjab & Sind Bank, and Indian Bank owing to non-compliance with certain regulations.With respect to the given information,which of the following statements is/are true? I. SBI is penalized with Rs 1.30 crore due to lack of compliance with directions on 'Loans and Advances – Statutory and Other Restrictions' and 'Guidelines on Management of Intra-Group Transactions and Exposures'. II. Indian Bank is charged with Rs 1.99 crore for non-compliance with 'Loans and Advances – Statutory and Other Restrictions', along with 'Reserve Bank of India [Know Your Customer (KYC)] Directions, 2016' and 'Reserve Bank of India (Interest Rate on Deposits) Directions, 2016'. III.  Punjab & Sind Bank has to pay a fine of Rs 1.5 crore for failing to comply with regulations on 'The Depositor Education and Awareness Fund Scheme, 2014–Section 26A of Banking Regulation Act, 1949–Operational Guidelines'.Solution
The Reserve Bank of India (RBI) has imposed a monetary penalty on the State Bank of India (SBI), Punjab & Sind Bank, and Indian Bank owing to non-compliance with certain regulations.  SBI is penalised with Rs 1.30 crore due to lack of compliance with directions on 'Loans and Advances – Statutory and Other Restrictions' and 'Guidelines on Management of Intra-Group Transactions and Exposures'. Meanwhile, Indian Bank is charged with Rs 1.62 crore for non-compliance with 'Loans and Advances – Statutory and Other Restrictions', along with 'Reserve Bank of India [Know Your Customer (KYC)] Directions, 2016' and 'Reserve Bank of India (Interest Rate on Deposits) Directions, 2016'.  Punjab & Sind Bank has to pay a fine of Rs 1 crore for failing to comply with regulations on 'The Depositor Education and Awareness Fund Scheme, 2014–Section 26A of Banking Regulation Act, 1949–Operational Guidelines'.
Directions : In the question below, a sentence is given, divided into five parts (A), (B), (C), (D) and (E). One of the parts is grammatically incorrec...
Read the given sentence to find out whether there are any grammatical/contextual errors in them. The errors, if any, will be in two of the phrases of th...
Apple Inc. has refurbished (A) / a controversial policy that (B) / took a 30% cut of payments (C) / when video apps on (D) / it’s platform sold TV...
Parts of the following sentence are given as options. Identify the segment that contains a grammatical error. Before take this medicine you should cons...
During the summer vacation, we plan to visit several cities / to explore their rich history / and learning about / their cultural heritage.
...- Find out the error according to the grammar and context of the given sentences. If there is no error, mark option 5, i.e. No error. (Ignore the punctuation...
Have we made headway in our attempts to save the world’s rain forests?
The most unromantic neighbourhood that a child could be possible to live in has given me some of the fondest memories of my life.
Some of the initiative taken by the RBI to develop the market include measures to impart liquidity by permitting repo transactions in corporate...
Glutathione is regarded as one of the most important detoxifications agent in the human brain.
Relevant for Exams:
