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    Question

    What was the penalty imposed by RBI on Axis Bank for

    regulatory non-compliance?
    A ₹1.00 crore Correct Answer Incorrect Answer
    B ₹2.00 crore Correct Answer Incorrect Answer
    C ₹1.91 crore Correct Answer Incorrect Answer
    D ₹1.50 crore Correct Answer Incorrect Answer
    E ₹2.50 crore Correct Answer Incorrect Answer

    Solution

    RBI imposed a penalty of ₹1.91 crore on Axis Bank for violations like opening savings accounts for ineligible entities and failing to assign a unique customer identification code.

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