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    Question

    What penalty did the RBI impose on Fino Payments Bank

    for non-compliance with licensing norms?┬а
    A тВ╣10.2 lakh Correct Answer Incorrect Answer
    B тВ╣18.5 lakh Correct Answer Incorrect Answer
    C тВ╣29.6 lakh Correct Answer Incorrect Answer
    D тВ╣31.1 lakh Correct Answer Incorrect Answer
    E тВ╣25.0 lakh Correct Answer Incorrect Answer

    Solution

    RBI fined Fino Payments Bank тВ╣29.6 lakh for exceeding end-of-day balance limits in customer accounts, violating payments bank licensing norms.┬а

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