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      Question

      Which bank was penalized by the RBI for opening savings

      deposit accounts in the name of ineligible entities?
      A ICICI Bank Correct Answer Incorrect Answer
      B HDFC Bank Correct Answer Incorrect Answer
      C IndusInd Bank Correct Answer Incorrect Answer
      D Punjab National Bank Correct Answer Incorrect Answer
      E Axis Bank Correct Answer Incorrect Answer

      Solution

      IndusInd Bank was penalized β‚Ή27.3 lakh by the RBI for violating regulations by opening savings deposit accounts in the name of ineligible entities, as identified during a statutory inspection by the RBI.

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