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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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