Question
Which bank was penalized by RBI for offering gifts in
the form of paying first-year life insurance premiums on certain deposits and contacting customers outside the 7 PM to 7 AM window?Solution
RBI imposed a penalty on HDFC Bank for violating its regulations regarding customer outreach timings and offering gifts related to life insurance premiums. This was seen as a violation of fair market practices by the bank.
Answer the questions based on the information given below.
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Answer the questions based on the information given below.
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