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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?

A) Karur Vysya Bank B) HDFC Bank
C) Kotak Mahindra Bank D) Yes Bank

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).

Subject: General Awareness
Exam Prep: AIEEE , Bank Exams , CAT , GATE
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