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    • Question

      RBI imposed a penalty of Rs 31.80 lakh on HSBC for

      non-compliance related to: 
      A Loan recovery Correct Answer Incorrect Answer
      B Priority sector lending Correct Answer Incorrect Answer
      C KYC norms Correct Answer Incorrect Answer
      D Unclaimed deposits and inoperative accounts Correct Answer Incorrect Answer
      E Forex transactions Correct Answer Incorrect Answer

      Solution

      The penalty was imposed due to non-compliance with norms related to unclaimed deposits and inoperative accounts. 

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