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    Question

    What was the penalty amount imposed by RBI on Union Bank

    of India in May 2025?
    A тВ╣50 lakh Correct Answer Incorrect Answer
    B тВ╣63.6 lakh Correct Answer Incorrect Answer
    C тВ╣40 lakh Correct Answer Incorrect Answer
    D тВ╣75 lakh Correct Answer Incorrect Answer
    E тВ╣1 crore Correct Answer Incorrect Answer

    Solution

    RBI fined Union Bank тВ╣63.6 lakh for non-compliance with provisions related to collateral-free agricultural loans under the Banking Regulation Act.

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