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      Question

      What penalty did the RBI impose on HDFC Bank for

      violating recovery agent guidelines?  
      A ₹50 lakh Correct Answer Incorrect Answer
      B ₹1 crore Correct Answer Incorrect Answer
      C ₹2 crore Correct Answer Incorrect Answer
      D ₹75 lakh Correct Answer Incorrect Answer
      E ₹1.5 crore Correct Answer Incorrect Answer

      Solution

      The RBI imposed a ₹1 crore penalty on HDFC Bank for violations related to the engagement of recovery agents, including contacting customers outside the stipulated hours.  

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