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    5. What is the penalty imposed by RBI on HDFC Bank for KYC non-compliance?

    Question

    What is the penalty imposed by RBI on HDFC Bank for KYC

    non-compliance?
    A ₹50 lakh Correct Answer Incorrect Answer
    B ₹60 lakh Correct Answer Incorrect Answer
    C ₹68.2 lakh Correct Answer Incorrect Answer
    D ₹75 lakh Correct Answer Incorrect Answer
    E ₹80 lakh Correct Answer Incorrect Answer

    Solution

    RBI imposed a ₹75 lakh penalty on HDFC Bank for failing to follow KYC guidelines including UCIC norms.

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    Relevant for Exams:

    • RBI Grade B

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