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    • Question

      Which institution recently faced the highest penalty of

      ₹61.40 lakh for non-compliance with RBI directions?
      A Ujjivan Small Finance Bank Ltd Correct Answer Incorrect Answer
      B Shriram Finance Ltd Correct Answer Incorrect Answer
      C Nainital Bank Ltd Correct Answer Incorrect Answer
      D South Indian Bank Correct Answer Incorrect Answer
      E TRIFED Correct Answer Incorrect Answer

      Solution

      Nainital Bank Ltd faced the highest penalty of ₹61.40 lakh from RBI due to non-compliance with banking regulations and risk management guidelines.

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