Q:
The Reserve Bank of India has imposed a penalty of Rs 5 crore on which of the following banks for non-compliance of its directives?
Answer & Explanation
Answer: A) Karur Vysya Bank
Explanation: The Reserve Bank of India has imposed a penalty of Rs 5 crore on Karur Vysya Bank for non-compliance of its directives on Income Recognition and Asset Classification (IRAC).
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