RBI imposed Rs 30 Million on which Indian Bank for non-compliance of directions issued by the bank on Income Recognition and Asset Classification?
A. Punjab National Bank
B. UCO Bank
C. IDBI Bank
D. Canara Bank
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RBI imposed rs. 30 million on IDBI bank
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The RBI or the Reserve Bank of India is the father of all banks in the country.
It is the central bank that governs all other banks and directs them so that operations can run smoothly in every corner of the country.
The RBI imposed a fine of 30 million rupees on the IDBI bank for not complying with the RBI's directions on income regulation and asset classification norms.
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