Question

Reserve Bank of India has imposed a penalty of Rs 1.73 crore on which bank in May 2023?

A Axis Bank Correct Answer Incorrect Answer
B Union Bank of India Correct Answer Incorrect Answer
C HSBC Bank Correct Answer Incorrect Answer
D State Bank of India Correct Answer Incorrect Answer

Solution

The Reserve Bank of India (RBI) has imposed a penalty of Rs 1.73 crore on the Hong Kong and Shanghai Banking Corporation Limited (HSBC) Bank.  RBI has imposed this penalty for violation of the Credit Information Companies Rules, 2006.

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