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      Question

      Which bank was penalised by RBI for KYC compliance lapses

      in 2025?
      A Punjab National Bank Correct Answer Incorrect Answer
      B IDBI Bank Correct Answer Incorrect Answer
      C HDFC Bank Correct Answer Incorrect Answer
      D IDFC First Bank Correct Answer Incorrect Answer
      E Indian Overseas Bank Correct Answer Incorrect Answer

      Solution

      IDFC First Bank was fined ₹38.60 lakh by the RBI for KYC compliance issues, specifically failing to conduct due diligence for sole proprietorship current accounts. The penalty followed the ISE 2023 review.

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