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      Question

      How much penalty did RBI impose on Federal Bank Ltd for

      non-compliance?
      A тВ╣10 lakh Correct Answer Incorrect Answer
      B тВ╣15 lakh Correct Answer Incorrect Answer
      C тВ╣27.30 lakh Correct Answer Incorrect Answer
      D тВ╣35.60 lakh Correct Answer Incorrect Answer
      E тВ╣50 lakh Correct Answer Incorrect Answer

      Solution

      RBI imposed a total penalty of тВ╣35.60 lakh on two banks: Federal Bank Ltd: тВ╣27.30 lakh for violating deposit interest rate rules and opening savings accounts for ineligible entities. Karur Vysya Bank: тВ╣8.30 lakh for non-compliance with loan system guidelines.

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