Question

    How much penalty has been imposed on SBM Bank (India) by the Reserve Bank of India?

    A Rs 8.87 lakh Correct Answer Incorrect Answer
    B Rs 88.70 lakh Correct Answer Incorrect Answer
    C Rs 887 lakh Correct Answer Incorrect Answer
    D Rs 8,870 lakh Correct Answer Incorrect Answer
    E None of These Correct Answer Incorrect Answer

    Solution

    The RBI imposed a penalty of Rs 88.70 lakh on SBM Bank (India) for non-compliance with certain regulatory norms.

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