Current Affairs - Banking - Discussion

Discussion Forum : Banking - Latest Current Affairs (Q.No. 882)
882.
The RBI has imposed Rs 6 crore aggregate penalties on which of these banks?
Bank of Maharashtra and Canara Bank
BoI and PNB
Union Bank of India and IOB
Indian Bank and UCO Bank
Answer: Option
Explanation:
The RBI has imposed monetary penalty aggregating to Rs 6 crore on Bank of India and Punjab National Bank for contravention of norms related to "Frauds Classification and Reporting".
Discussion:
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