Question

The RBI has imposed a penalty of Rs 84.50 lakh on_______  for non-compliance with certain provisions of norms related to fraud classification and reporting.

A Union Bank of India Correct Answer Incorrect Answer
B Punjab National Bank Correct Answer Incorrect Answer
C Central Bank of India Correct Answer Incorrect Answer
D Bank of India Correct Answer Incorrect Answer
E None of these Correct Answer Incorrect Answer

Solution

The RBI has imposed a penalty of Rs 84.50 lakh on Central Bank of India (the bank) for non-compliance with certain provisions of norms related to frauds classification and reporting.

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