Current Affairs - Economy - Discussion

Discussion Forum : Economy - Latest Current Affairs (Q.No. 900)
900.
What value of monetary penalty has been imposed by RBI on Axis Bank for violation of certain provisions of the know your customer (KYC) norms?
Rs 1 crore
Rs 70 lakh
Rs 55 lakh
Rs 25 lakh
Answer: Option
Explanation:
The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 25 lakh on Axis Bank for violating certain provisions of knowing your customer (KYC) norms.
Discussion:
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