Question

    Which Indian bank was recently fined ₹91 lakh by the

    Reserve Bank of India for non-compliance with 'Customer Service in Banks' and ‘Unauthorized Operation of Internal/Office Accounts’?
    A HDFC Bank Correct Answer Incorrect Answer
    B Axis Bank Correct Answer Incorrect Answer
    C Yes Bank Ltd Correct Answer Incorrect Answer
    D Kotak Mahindra Bank Correct Answer Incorrect Answer
    E State Bank of India Correct Answer Incorrect Answer

    Solution

    Yes Bank Ltd was fined by the RBI for not following specific directions concerning customer service and the operation of internal accounts.

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