Question
Consider the following statements with respect to the monetary penalties been imposed by RBI on certain banks-
Consider the following statements with respect to the monetary penalties been imposed by RBI on certain banks-
I.The Reserve Bank of India has imposed a monetary penalty of Rs 6.34 crore on Bank of Baroda as it failed to ensure accuracy and integrity of data on large exposures submitted to RBI with respect to some accounts.
II.A monetary penalty of Rs 5 crore on Citibank was because the lender failed to credit the eligible amount to the Depositor Education and Awareness Fund within the prescribed time period.
III.Rs 2 crore on Indian Overseas Bank for violating norms while extending term loans to two corporate entities without undertaking due diligence on the viability and bankability of the projects. Which of the following statements is/are true ?
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