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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 β‚Ή38.60 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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