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Recently RBI ...

Question

Recently RBI has imposed a penalty of Rs. 3 crore on which of the following banks?

A

Corporation Bank

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B

Canara Bank

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C

Bank of India

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D

IndusInd Bank

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E

Punjab National Bank

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Solution

The correct option is D
IndusInd Bank

The RBI has imposed a penalty of Rs. 3 crore on IndusInd Bank for breaching rules on income classification norms.

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