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      Question

      h bank was penalized Rs 41.80 lakh by the RBI for lapses

      in KYC norms and account classification?
      A State Bank of India Correct Answer Incorrect Answer
      B Punjab National Bank Correct Answer Incorrect Answer
      C Canara Bank Correct Answer Incorrect Answer
      D Bank of Baroda Correct Answer Incorrect Answer
      E Indian Bank Correct Answer Incorrect Answer

      Solution

      RBI imposed a penalty of Rs 41.80 lakh on Canara Bank following a supervisory review that identified critical lapses in KYC norms and account classification, under the Banking Regulation Act, 1949.

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