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The Reserve Bank of India (RBI) has imposed a monetary penalty on the State Bank of India (SBI), Punjab & Sind Bank, and Indian Bank owing to non-compliance with certain regulations. SBI is penalised 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'. Meanwhile, Indian Bank is charged with Rs 1.62 crore for non-compliance with 'Loans and Advances – Statutory and Other Restrictions', along with 'Reserve Bank of India [Know Your Customer (KYC)] Directions, 2016' and 'Reserve Bank of India (Interest Rate on Deposits) Directions, 2016'. Punjab & Sind Bank has to pay a fine of Rs 1 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'.
India’s first regional rural bank is ___________
Finance Commission of India was formed to define the financial relation between the ------ and ------
What is “Non-Interest Income” of banks?
The Headquarter of SIDBI was located in __________
..................are a diverse set of institutions and markets that, collectively, carry out traditional banking functions--but do so outside, or in wa...
Which electronic funds transfer system in India is available 24/7 throughout the year, including on holidays also?
Match the following
1) UTE a) July 1964
2) SEBI b) November 1972
3) EXIM bank c) Feb 1, 1964
4) GIC d) Jan 1, 1982
i...
Self Help Groups (SHGs) have become important for Financial Inclusion and women empowerment. Who initiated the pilot project on lending to Self Help Gr...
Against which of the following account a customer cannot take loan?
In which year the Presidency Banks merged into Imperial Bank