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      Question

      What penalty did the RBI impose on HDFC Bank for

      violating recovery agent engagement guidelines?
      A โ‚น2 crore Correct Answer Incorrect Answer
      B โ‚น1 crore Correct Answer Incorrect Answer
      C โ‚น50 lakh Correct Answer Incorrect Answer
      D โ‚น5 crore Correct Answer Incorrect Answer
      E โ‚น75 lakh Correct Answer Incorrect Answer

      Solution

      The RBI imposed a penalty of โ‚น1 crore on HDFC Bank for non-compliance with guidelines related to the engagement of recovery agents.

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