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      Question

      The Reserve Bank of India imposed a penalty of Rs. 31.80

      lakh on which bank in March 2026?
      A State Bank of India Correct Answer Incorrect Answer
      B ICICI Bank Correct Answer Incorrect Answer
      C HDFC Bank Correct Answer Incorrect Answer
      D HSBC India Correct Answer Incorrect Answer
      E Axis Bank Correct Answer Incorrect Answer

      Solution

      The Reserve Bank of India imposed a monetary penalty of Rs. 31.80 lakh on HSBC India (Hongkong and Shanghai Banking Corporation Limited, India) for non-compliance with regulatory directions related to inoperative accounts and unclaimed deposits.Β 

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