Question

The Reserve Bank of India (RB

  • C ] Directions, 2016' and 'Reserve Bank of India (Interest Rate on Deposits) Directions, 2016'. III.   Punjab & Sind Bank has to pay a fine of Rs 1.5 crore for failing to comply with regulations on 'The Depositor Education and Awareness Fund Scheme, 2014–Section 26A of Banking Regulation Act, 1949–Operational Guidelines'.
  • I has imposed a monetary penalty on the State Bank of India (SB
  • I , Punjab & Sind Bank, and Indian Bank owing to non-compliance with certain regulations.With respect to the given information,which of the following statements is/are true? I.  SBI is penalized with Rs 1.30 crore due to lack of compliance with directions on 'Loans and Advances – Statutory and Other Restrictions' and 'Guidelines on Management of Intra-Group Transactions and Exposures'. II.  Indian Bank is charged with Rs 1.99 crore for non-compliance with 'Loans and Advances – Statutory and Other Restrictions', along with 'Reserve Bank of India [Know Your Customer (KY
A Only I
B Only I & II
C Only II
D Only II & III
E None of these
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