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      Question

      How much fine has been imposed by the Reserve Bank of

      India on Punjab and Sind Bank for non-compliance with certain directions on 'Loans and Advances Statutory and Other Restrictions ? 
      A Rs.45 lakh Correct Answer Incorrect Answer
      B Rs.65 lakh Correct Answer Incorrect Answer
      C Rs.81 lakh Correct Answer Incorrect Answer
      D Rs.1 crore Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      The Reserve Bank of India has imposed a penalty on Dhanlaxmi Bank, Punjab & Sind Bank and ESAF Small Finance Bank for non-compliance of banking rules. It has levied Rs1.2 crore on private sector Dhanlaxmi Bank for three violations. Further, a fine of Rs 1 crore has been imposed on Punjab and Sind Bank for non-compliance with certain directions on 'Loans and Advances Statutory and Other Restrictions'. The central bank has also imposed a penalty of Rs 29.55 lakh on ESAF Small Finance Bank for non-compliance with the directions issued by it on 'Customer Service in Banks'.

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