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    Question

    Which bank was penalized for routing unauthorized

    entries through internal or office accounts?
    A ICICI Bank Correct Answer Incorrect Answer
    B Axis Bank Correct Answer Incorrect Answer
    C IDBI Bank Correct Answer Incorrect Answer
    D Bank of Maharashtra Correct Answer Incorrect Answer
    E Canara Bank Correct Answer Incorrect Answer

    Solution

    Axis Bank was fined ₹29.60 lakh for violating RBI’s guidelines by routing unauthorized entries via internal/office accounts, a practice that can compromise financial integrity and transparency.

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