BANK SBI PO Mock Test Series 2025 (Pre + Mains) Current Affairs Business and Economy Banking Affairs
Which of the following statements regarding RBI's penalties on Equitas Small Finance Bank Limited (ESFBL) and India Post Payments Bank Limited (IPPB) in February 2025 is/are correct?
- RBI imposed a Rs 65 lakh penalty on ESFBL for non-compliance with regulations related to foreclosure charges and collateral-free agricultural loans.
- RBI fined India Post Payments Bank Limited (IPPB) Rs 26.70 lakh for deficiencies in adhering to customer service regulations in banks.
- The penalty on IPPB was imposed for non-compliance with priority sector lending norms.
1
Only 1 and 2
2
Only 2 and 3
3
Only 1 and 3
4
Only 3
5
Only 2