Question
Consider the following statements regarding the penalties imposed by RBI on certain banks-
Consider the following statements regarding the penalties imposed by RBI on certain banks-
I.The Reserve Bank has imposed a Rs 50 lakh penalty on state-owned Punjab National Bank for non-compliance with certain provisions related to 'interest rate on advances' and 'customer service in banks.
II. A Rs 45 lakh penalty on private sector Federal Bank has been imposed for contravention of certain provisions of KYC norms.
III. A monetary penalty of Rs 13.38 lakh has been imposed on Kosamattam Finance Ltd, Kottayam, for non-compliance with certain provisions of the 'Non-Banking Financial Company - Systemically Important Non-Deposit taking Company and Deposit taking Company (Reserve Bank) Directions, 2016'. Which of the following statements is/are correct ?
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