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    • Question

      What was the penalty imposed on RBL Bank for

      non-compliance with KYC norms?
      A ₹2.10 lakh Correct Answer Incorrect Answer
      B ₹61.40 lakh Correct Answer Incorrect Answer
      C ₹1 lakh Correct Answer Incorrect Answer
      D ₹3 lakh Correct Answer Incorrect Answer
      E ₹1.25 lakh Correct Answer Incorrect Answer

      Solution

      RBL Bank was fined ₹61.40 lakh for failing to comply with KYC norms, such as not obtaining Officially Valid Documents (OVD) for credit card accounts and assigning multiple Customer Identification Codes (CICs).

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