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      Question

      Which of the following correctly matches the RBI penalty

      amount with the entity?
      A City Union Bank – Rs 3.10 lakh Correct Answer Incorrect Answer
      B Mintifi Finserve – Rs 10.10 lakh Correct Answer Incorrect Answer
      C Newa Investments – Rs 2.70 lakh Correct Answer Incorrect Answer
      D City Union Bank – Rs 5.00 lakh Correct Answer Incorrect Answer
      E Mintifi Finserve – Rs 2.70 lakh Correct Answer Incorrect Answer

      Solution

      The correct matching is: City Union Bank – Rs 10.10 lakh (loan charges on agri advances), Mintifi Finserve – Rs 3.10 lakh (KYC upload failure), Newa Investments – Rs 2.70 lakh (appointment of directors without prior RBI approval, management change involving over 30% of directors).

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