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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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