Question
How much fine has been imposed by the Reserve Bank of
India on Punjab and Sind Bank for non-compliance with certain directions on 'Loans and Advances Statutory and Other Restrictions ?ÂSolution
The Reserve Bank of India has imposed a penalty on Dhanlaxmi Bank, Punjab & Sind Bank and ESAF Small Finance Bank for non-compliance of banking rules. It has levied Rs1.2 crore on private sector Dhanlaxmi Bank for three violations. Further, a fine of Rs 1 crore has been imposed on Punjab and Sind Bank for non-compliance with certain directions on 'Loans and Advances Statutory and Other Restrictions'. The central bank has also imposed a penalty of Rs 29.55 lakh on ESAF Small Finance Bank for non-compliance with the directions issued by it on 'Customer Service in Banks'.
A small business owner is facing a cash flow crunch due to delayed payments from customers. The business owner has a significant amount of outstanding i...
Which of the following is NOT a role of project sponsors in project finance?
What is the time period under which Pre-Packaged Resolution process should be completed from the date of initiation?
With which of the following is the 'Service Area Approach' associated with?
Which of the following is the major objective of SAUBHAGYA- Pradhan Mantri Sahaj Bijli Har Ghar Yojana?
Which of the following is not a goal of project management?
What is the Fully Accessible Route (FAR) introduced by the Reserve Bank of India?
Which Indian NBFC was selected for the FATF Mutual Evaluation report 2023-24?Â
Identify the correct statement with respect to IFSCA (Banking) Regulations 2020?
Who shall constitute a Performance Review Committee under the IFSCA Act?
Relevant for Exams:
