📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

  • google app store apple app store

    • Question

      The Reserve Bank of India imposed a penalty of ₹1

      crore on which bank for offering gifts in the form of paying first-year life insurance premiums?
      A ICICI Bank Correct Answer Incorrect Answer
      B HDFC Bank Correct Answer Incorrect Answer
      C Axis Bank Correct Answer Incorrect Answer
      D Punjab National Bank Correct Answer Incorrect Answer
      E State Bank of India Correct Answer Incorrect Answer

      Solution

      The RBI imposed a ₹1 crore penalty on HDFC Bank for offering gifts, such as paying first-year life insurance premiums, on certain deposits.

      Practice Next

      Relevant for Exams:

      ask-question