Question
The Reserve Bank of India has imposed how much penalty
on Axis Bank for failure to comply with Know Your Customer (KYC) regulations after RBI’s Inspection for Supervisory Evaluation (ISE) for its financial position as of March 31, 2022?Solution
The Reserve Bank of India (RBI) has levied monetary penalties on Axis Bank and Manappuram Finance, citing non-compliance with certain regulations of the central bank. Axis Bank was fined Rs 90.92 lakh as the RBI found from its Inspection for Supervisory Evaluation (ISE) for its financial position as of March 31, 2022, that the lender failed to comply with Know Your Customer (KYC) regulations.
Under the PM Mudra Yojana, which type of loan can be availed for a maximum amount of ₹50,000?
The major aim of the PM Away Yojna Gramin is to provide a pucca house with basic amenities to all rural families, who are homeless or living in kutcha o...
What is the rank of India in Gender Gap report?
The concept of diminishing marginal utility implies that:
What is the percentage of Adjusted Net Banking Credit (ANBC) that domestic banks are required to lend to the weaker section according to the lending re...
What is the new loan limit under the Kisan Credit Card (KCC) modified interest subvention scheme as announced in the Union Budget 2025–26?
Which of the following is NOT a category for the National Gopal Ratna Award?
Which of the following is the investment arm of World Bank?
Which scheme received the Gold Award for Application of Emerging Technologies for Providing Citizen Centric Services at the 26th National Conference on ...
In PMAY-G, the housing unit constructed should be in the name of ________________.
Relevant for Exams:
