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    Question

     Five banks were fined ₹2.6 crore by RBI in 2024 for

    failing to follow its regulatory rules. Which of the following is not one of them?
    A Axis Bank Correct Answer Incorrect Answer
    B ICICI Bank Correct Answer Incorrect Answer
    C Bank of Baroda Correct Answer Incorrect Answer
    D HDFC Bank Correct Answer Incorrect Answer
    E IDBI Bank Correct Answer Incorrect Answer

    Solution

    Explanation: RBI fines ICICI, Axis, BoB, IDBI & BoM ₹2.5 crore for rule breaches in offering banking services. Penalties won't affect customer accounts. The Reserve Bank of India (RBI) has fined 5 major Indian banks a total of ₹2.5 crore for failing to follow its regulatory rules.

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