Current Affairs - Economy - Discussion

Discussion :: Economy - Latest Current Affairs (Q.No.38)


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?

[A]. Rs 1 crore
[B]. Rs 70 lakh
[C]. Rs 55 lakh
[D]. Rs 25 lakh

Answer: Option D


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.

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