Question

    What is the penalty amount imposed by RBI on Federal

    Bank Ltd and Karur Vysya Bank Ltd for non-compliance with regulations?
    A ₹10.5 lakh Correct Answer Incorrect Answer
    B ₹22.8 lakh Correct Answer Incorrect Answer
    C ₹35.6 lakh Correct Answer Incorrect Answer
    D ₹40 lakh Correct Answer Incorrect Answer
    E ₹50 lakh Correct Answer Incorrect Answer

    Solution

    RBI imposed a ₹35.6 lakh penalty on Federal Bank Ltd and Karur Vysya Bank Ltd for violations related to deposit interest rates and loan compliance guidelines.

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