πŸ“’ Too many exams? Don’t know which one suits you best? Book Your Free Expert πŸ‘‰ call Now!


    ⚑ Month End Offer - Flat 52% Off On All Courses! Enroll Now ⚑
    00:00:00 AM Left

    Question

    Which regulatory body imposed fines on Axis Bank and

    HDFC Bank for failing to adhere to specific guidelines?
    A NABARD Correct Answer Incorrect Answer
    B Reserve Bank of India (RBI) Correct Answer Incorrect Answer
    C Employees' Provident Fund Organisation (EPFO) Correct Answer Incorrect Answer
    D Securities and Exchange Board of India (SEBI) Correct Answer Incorrect Answer
    E Small Industries Development Bank of India (SIDBI) Correct Answer Incorrect Answer

    Solution

    The Reserve Bank of India (RBI) recently fined Axis Bank β‚Ή1.91 crore and HDFC Bank β‚Ή1 crore for not complying with norms concerning KYC and unique customer identification codes, aiming to strengthen banking oversight.

    Practice Next
    More Daily Beepedia Current Affairs Questions

    Relevant for Exams:

    ask-question