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    Question

    Of what amount the Reserve Bank of India (RBI) has

    imposed the monetary penalty on Axis Bank and IDBI Bank respectively for various violations of regulatory compliance?
    A Rs 93 Lakh and Rs 93 Lakh Correct Answer Incorrect Answer
    B Rs 90 Lakh and Rs 90 Lakh Correct Answer Incorrect Answer
    C Rs 93 Lakh and Rs 90 Lakh Correct Answer Incorrect Answer
    D Rs 90 Lakh and Rs 90 Lakh Correct Answer Incorrect Answer
    E Rs 93 Lakh and Rs 91 Lakh Correct Answer Incorrect Answer

    Solution

    A monetary penalty of Rs 93 lakh has been imposed on Axis Bank for non-compliance of certain directions issued by RBI, the regulator said in a release. Reserve Bank of India has imposed a penalty of Rs 93 lakh on Axis Bank for various violations, including those related to KYC guidelines.

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