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      Question

      How much penalty has been imposed on SBM Bank (India) by

      the Reserve Bank of India?
      A Rs 8.87 lakh Correct Answer Incorrect Answer
      B Rs 88.70 lakh Correct Answer Incorrect Answer
      C Rs 887 lakh Correct Answer Incorrect Answer
      D Rs 8,870 lakh Correct Answer Incorrect Answer
      E None of These Correct Answer Incorrect Answer

      Solution

      The RBI imposed a penalty of Rs 88.70 lakh on SBM Bank (India) for non-compliance with certain regulatory norms.

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