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    Question

    What is the monetary penalty imposed by the Reserve Bank

    of India on Canara Bank for non-compliance with certain directions issued on 'Data Format for Furnishing of Credit Information to Credit Information Companies and other Regulatory Measures'?
    A ₹32.30 crore Correct Answer Incorrect Answer
    B ₹31.23 lakh Correct Answer Incorrect Answer
    C ₹32.30 lakh Correct Answer Incorrect Answer
    D ₹03.23 crore Correct Answer Incorrect Answer
    E ₹32.03 lakh Correct Answer Incorrect Answer

    Solution

    The Reserve Bank of India (RBI) has, by an order dated February 06, 2024 imposed a monetary penalty of ₹32.30 lakh (Rupees Thirty two lakh thirty thousand only) on Canara Bank (the bank) for non-compliance with certain directions issued by RBI on ‘Data Format for Furnishing of Credit Information to Credit Information Companies and other Regulatory Measures’

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