Multiple Choice Questions on How much amount of monetary penalty has been imposed by RBI on HDFC Bank for irregularities found in........... for General Knowledge ( All Exams) Preparation

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Multiple Choice Questions

How much amount of monetary penalty has been imposed by RBI on HDFC Bank for irregularities found in...........

Current GK ( Master) Banking Awareness
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    How much amount of monetary penalty has been imposed by RBI on HDFC Bank for irregularities found in the auto loan portfolio of the bank ? 

    Rs 5 crore

    Incorrect Answer

    Rs 10 crore

    Correct Answer

    Rs 15 crore

    Incorrect Answer

    Rs 20 crore

    Incorrect Answer
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    Explanation:
    • The Reserve Bank of India has imposed a fine of Rs 10 crore  on HDFC Bank for deficiencies in regulatory compliance found in the auto loan portfolio of the bank.
    • As per the RBI, HDFC Bank has violated the provisions of section 6(2) and section 8 of the Banking Regulation Act, 1949.

    By: Rohit Middha
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