General Awareness Questions

Q.  The Reserve Bank of India has imposed a penalty of Rs 5 crore on which of the following banks for non-compliance of its directives?

a. Karur Vysya Bank
b. HDFC Bank
c. Kotak Mahindra Bank
d. Yes Bank


ANSWER: See Answer
 
The Reserve Bank of India has imposed a penalty of Rs 5 crore on Karur Vysya Bank for non-compliance of its directives on Income Recognition and Asset Classification (IRAC).
 

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