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      Question

      What is the penalty amount imposed by RBI on Federal

      Bank Ltd and Karur Vysya Bank Ltd for non-compliance with regulations?
      A ₹10.5 lakh Correct Answer Incorrect Answer
      B ₹22.8 lakh Correct Answer Incorrect Answer
      C ₹35.6 lakh Correct Answer Incorrect Answer
      D ₹40 lakh Correct Answer Incorrect Answer
      E ₹50 lakh Correct Answer Incorrect Answer

      Solution

      RBI imposed a ₹35.6 lakh penalty on Federal Bank Ltd and Karur Vysya Bank Ltd for violations related to deposit interest rates and loan compliance guidelines.

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