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According to the given information, what is the reason for the penalty imposed by the Reserve Bank of India (RBI) on Karur Vysya Bank?
  • a)
    Non-compliance with KYC norms
  • b)
    Failure to report accounts as frauds
  • c)
    Violation of lending guidelines
  • d)
    Inadequate capital adequacy ratio
  • e)
    None of the above
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
According to the given information, what is the reason for the penalty...
The given information states that Karur Vysya Bank was penalized by the RBI for non-compliance with certain provisions related to fraud and complaints. The bank failed to report certain accounts as frauds to the RBI within a week of the respective Joint Lenders' Forum decisions. Therefore, the correct answer is B) Failure to report accounts as frauds.
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According to the given information, what is the reason for the penalty imposed by the Reserve Bank of India (RBI) on Karur Vysya Bank?a)Non-compliance with KYC normsb)Failure to report accounts as fraudsc)Violation of lending guidelinesd)Inadequate capital adequacy ratioe)None of the aboveCorrect answer is option 'B'. Can you explain this answer?
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According to the given information, what is the reason for the penalty imposed by the Reserve Bank of India (RBI) on Karur Vysya Bank?a)Non-compliance with KYC normsb)Failure to report accounts as fraudsc)Violation of lending guidelinesd)Inadequate capital adequacy ratioe)None of the aboveCorrect answer is option 'B'. Can you explain this answer? for Banking Exams 2025 is part of Banking Exams preparation. The Question and answers have been prepared according to the Banking Exams exam syllabus. Information about According to the given information, what is the reason for the penalty imposed by the Reserve Bank of India (RBI) on Karur Vysya Bank?a)Non-compliance with KYC normsb)Failure to report accounts as fraudsc)Violation of lending guidelinesd)Inadequate capital adequacy ratioe)None of the aboveCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for Banking Exams 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for According to the given information, what is the reason for the penalty imposed by the Reserve Bank of India (RBI) on Karur Vysya Bank?a)Non-compliance with KYC normsb)Failure to report accounts as fraudsc)Violation of lending guidelinesd)Inadequate capital adequacy ratioe)None of the aboveCorrect answer is option 'B'. Can you explain this answer?.
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