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      Question

      What was the penalty imposed by RBI on Axis Bank for

      regulatory non-compliance?
      A ₹1.00 crore Correct Answer Incorrect Answer
      B ₹2.00 crore Correct Answer Incorrect Answer
      C ₹1.91 crore Correct Answer Incorrect Answer
      D ₹1.50 crore Correct Answer Incorrect Answer
      E ₹2.50 crore Correct Answer Incorrect Answer

      Solution

      RBI imposed a penalty of ₹1.91 crore on Axis Bank for violations like opening savings accounts for ineligible entities and failing to assign a unique customer identification code.

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