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    Question

    What penalty did the RBI impose on HDFC Bank for

    violating recovery agent engagement guidelines?
    A β‚Ή2 crore Correct Answer Incorrect Answer
    B β‚Ή1 crore Correct Answer Incorrect Answer
    C β‚Ή50 lakh Correct Answer Incorrect Answer
    D β‚Ή5 crore Correct Answer Incorrect Answer
    E β‚Ή75 lakh Correct Answer Incorrect Answer

    Solution

    The RBI imposed a penalty of β‚Ή1 crore on HDFC Bank for non-compliance with guidelines related to the engagement of recovery agents.

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