RBI has imposed penalty of how much amount on ICICI Bank for violating prudential norms in the matte...........

Current GK ( Master) Banking Awareness

RBI has imposed penalty of how much amount on ICICI Bank for violating prudential norms in the matter of shifting of securities from one category to another ?

Rs 2 crore

Rs 3 crore

Rs 4 crore

Rs 5 crore

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Explanation:

The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs. 3 crore on ICICI Bank Ltd. for non-compliance with certain RBI directions in the matter of shifting of securities from one category to another.
As per RBI, penalty has been imposed for “contravention of certain directions issued by the RBI contained in Master Circular on ‘Prudential Norms for Classification, Valuation and Operation of Investment Portfolio by Banks’ dated July 1, 2015”.